You act as a property manager, get the rents up, then take the financials to the bank with strong cash flow and get traditional funding. 

(There would also be no double taxation of sale or liquidation of said property because the C-Corp never owns or has the deed to the property).So if everything written above is correct, we can then say that the tax obligations (on both rent income and capital gain) are the same as what it would be under the traditional alternative (simply using a pass-through entity).If this is indeed the case, are there any benefits to be reaped from operating under a C-Corp in this manner?

You have traditional investments, stocks, etc., but have decided you want to start investing more in real estate as wellYou own a primary residence free and clearYou have 100k of free capital that you can use to buy your 1st investment property.

This is hard for me to answer because things are done so differently from state to state depending on laws and traditions.

@Alex Deacon The idea is the same as traditional BRRR strategy where you buy 20-40% below market value that requires major rehab/some rehab/cosmetic only/or turnkey, and include those cost when the spouse purchase the LLC's property.

Sheriff sale, wholesaler, traditional broker, Craigslist, etc...4) What Dallas-area lenders might you recommend?

Purchase price: $340,000 Cash invested: $16,000 Traditional house hack.

I am not surprised a traditional lender would not be interested. 

Account Closed It's possible to fund 100% of a deal with private lenders and traditional financing.

Also, on the federal level, a ton of fair housing laws don't apply when it's a property that's owner-occupied so even if it is "medicinal" you may still be able to give him the boot for it.