If you navigate the questions and listen, he will give some reason(s) that can usually go back to either time or money. 

I assign them to my S corp. my LLC, or my SOLO 401K. 

You need a VERY trustworthy, available, excellent at what he/she does handyperson to be on call that knows your building(s) inside out. 

That is fine if all you are doing is flipping, but since you mentioned that you have buy and holds you want to make sure that you don't lose the tax benefits of rentals.To avoid having the dealer status attach to you personally, I would consider doing the flipping through an S-corporation. 

A lot of questions here...As your dad has a 50% interest, and a trust owns the other 50% of which you and your two siblings are the sole beneficiaries (I presume), it might be advisable to, after the trust interest is distributed, to have your father, you, and your siblings contribute your interests to an LLC in exchange for shares of the LLC (usually called "units").The property would be re-titled in the name of the LLC and the LLC can use it as collateral for a loan.It's usually highly advisable to engage an attorney to draft an operating agreement in this scenario to get everyone on the same page about ownership interest, who is/are the managing member(s), what happens when someone wants to sell -- do the existing members get 'right of first refusal', what happens if a member passes away, etc.

Your S-corp will have the property on the new full current price tax basis and start getting depreciation.

At its worse, to the 620's. 

I don't see how that 9 bed figure can fit in 2173 sq ft on top of kitchen(s), common areas, and the bathrooms.Cameron

@Shane Craig I have my company LLC, taxed as an S-Corp, that originally puts the deals under contract, then assigns the contract to the LLC we create to title of the property before closing.

Originally posted by @Rafeeq S.