I do NOT self-manage and use two different property management companies (yes, I could have individually reached out to each PM, but I haven't and am pretty much planning to see how they handle it). 

So my question:Am I understanding correctly that if I do rehabs, flips and wholesale deals AND if I own any rental property, that I would want to establish an S-Corp for the rehab/flip/wholesale business and then create individual LLC’s for any other passive income rental properties?

But I digress...)Alas, I don't know what one individual can do.  

I myself am definitely a firm, business-minded, and calculating type of individual when it comes to managing rentals.

@Courtney Benson hey thanks for the info. but like another user stated, rentometer will only show me averages and percentiles, not individual listings like the mortgage company is requiring. they need the rental income of 3 individual properties. i'm going to reach out to other landlords in the area, thanks @Carl Millsap. 

It's great to have assumptions, but now more than ever it's important to look at each deal on an individual basis and not put blanket assumptions into an underwriting model.In most cases, I would reduce rents in 20/21 and be more conservative in the coming years.

Family member of deceased individual asked if they still have to pay rent.

This solution may provide better housing for lower-income individuals which may cause higher prices in classes A and B.

As strange as some of those may sound, since HELOCs are just products of the individual lenders that issue them, each lender can make up their own rules.  

You, as an individual, are allowed to act as a property manager for real estate in your name, but once you involve the LLC as the collecting entity it would need to be licensed.