Some of the additional benefits include:Reduction in current tax liability Insurance savingsImmediate increase in cash flowMinimization of recapture upon sale of the assetIdentifying disposition expensesIdentifying repair and maintenance expensesEnergy cost savingsConstruction tax planningPreservation tax credits (historical and new market)Fixed asset reviewDEIRA Reports (reduces insurance premiums, benchmarking reports, energy audits and reserve studies)Depending on the state in which you own the property, you may also qualify for state taxdeductions or credits which can be identified with a thorough cost segregationstudy.Real Estate is such a unique type of investment and pairing it with cost segregation makes it even more unique.

For quite awhile, I would use my company card to cover the costs and then reimburse my company on the monthly Profit and Loss statements, attributing it as a maintenance cost, and reducing their yield.

Do they want to reduce taxes via monthly payments vs one huge lump sum if they were to outright sell?

However, if you have a service-related disability rating of 10% or greater, the closing costs will always be waived.Keep in mind that, although you can put down 0%, if you have any money to put down towards the down payment, it will add equity to the deal and reduce your monthly payment.

The house has been on the market since last Dec and they haven't reduced the price at all; price def needs to come down. 

I am receiving property through a probate court and want to know the best way to structure a new business entity that would protect the assets and reduce tax/creditors/debtors payments.

The smaller lots could be a problem, just evaluate it as such and the potential for reducing number of lots if you need to bring in a newer/used home. 

Reduced expenses for trash and landscape by getting competitive bids.

Is this a good option to reduce costs?

Then work on finding partners/team members that complement you best and can handle the other tasks.Unfortunately, you will still have to deal with people in this business, but having partners that are more on the extrovert side to handle customer service related activities will likely go a long way to reducing your stress.