Here's an article on Nolo with some additional info on the subject too: When You Might Be Personally Liable for LLC or Corporate Debt

Wall-hung toilets are unusual in North American residences.

I also realize that a trust does not protect in the way that a corporation may, but the anonymity of ownership is the benefit I was intending as the reason. 

Quite honestly, it is just another form of the dreaded corporate rat race.

(Assuming no piercing of corporate veil, etc.)

They are doing your basic flip, Husband is the VP of the corporation. 

@Will Stahl - do you have a preapproval that will finance a corporation?

Here is a link to the American Society of Appraisers: www.appraisers.org/find-an-appraiser Most appraisers are different, but the one our bank used was around $500 when we purchased our first rental property.  

Or is it a multi-member corporation and it's own tax entity? 

You need good personal credit to get started (700 + credit score)  but, little more then a LLC, corporation, partnership or other  business entity.