It's probably for the best to start practicing business structures (even if not required at that point) as the dollar cost of having it is very low

Make sure in the contract it allows you to do this, but yes, this is a very common practice.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

The common practice is that large company hires these tax experts to break the assets down and calculate the depreciation expense for each separated asset to maximize the tax benefit. 

I know this is common practice for realtors, but I wouldn't have anyone on-site to supervise.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I believe the difference is that in Texas you are allowed access and possession during the redemption period and therefore can somewhat control the condition of the property during the redemption period which is a positive for the underwriters.

It does happen but it's difficult because so much of the map is controlled by HOAs.  

I believe in "control everything, own nothing" so basically I want to have the least amount possible into my investments, I want to carry a mortgage for a long time because the COC is higher and having money sitting dead in your property is not making money.

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.