I'm looking to target travel nurses, corporate professionals, and insurance displaced individuals.

It rents from the business operating on the property which is another entity I own as well(Corporation).

No different than your 401k investing into Google... you don't get to rock up to Google's offices and start touching corporate funds.Be mindful of your possible 990-T filing obligation if you use debt.

First thing that comes to mind is Corporal Max Klinger..... lol.

According to @Jay Hinrichs, the back yard might be a separate S corporation as developer for ordinary taxable gains and the front part a 1031 exchange for capital gains. 

Well I just got out of college and started my corporate career so that’s why I don’t have the cash on hand yet.

all these millionaire using leverage and creating low debt for themselves.All CEO issuing stock options, issuing corporate bond , stock buyback is all about creating low cost debts.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Trace the filings of the corporation you discovered— might give you some clues.  

(Corporations had huge problems with this in 2008.)