also if i am buying this property for a good price and planning to flip it , hold , rehab and rent it ,, do i need to have title insurance after the deed recorded under my name or no , if yes what is the benefit of it , if i am planning to sell it soon ??

So I am wondering whether it is legal to claim both home office benefit and free from FICA on Rental income from IRS, or otherwise you have to select one of them.

REITs do not give you many of the real benefits of investing directly in real estate such as 1) buying below market value, 2) depreciation expense, and 3) leverage. 

I would imagine that is because they have done a simple cost/benefit analysis of their time and determined that maybe you were not serious about acquiring a property.

this preys on people who have money, but their credit isn't good enough to get a bank involved).LTOs pay all taxes, insurance, utilities, and maintenance ($$$).LTO's pay market rent at a minimum, often slightly higher than market ($$$$$).LTO's receive none of the tax benefits of home ownership, because they don't own it ... they are waiting out the clock, and trying not to violate the terms of their agreement until they own it.I won't even attempt to get into all the different flavors of shadiness that investors will paint themselves to obtain property to sell LTO, that's a whole different rant.In this situation, the owner (real estate investor or otherwise) gets all the benefits.  

I'm sure the price would be similar to court costs and the Benefit for the tenant is that hey would not have an official eviction on record.

My plan is to use my VA benefit to buy a duplex, live on one side and rent the other side as well as rent out our condo.

It's one thing to live in the flip while YOU are the one making the money and saving the taxes, but its entirely different to be living in a big mess with no benefit.

In the event of a lawsuit where some lawyer tries to pierce the veil for liability purpose these two LLC's could be viewed as a single entity sharing funds.Ask your real estate attorney, but I suspect you could benefit from using a holding company LLC and then have the 10 LLC's as subsidiaries.

It was a huge benefit when I first started thinking about RE.