That's how I invest personally.

I also know that in many cases the llc will protect my personal assets and I fully believe this is either analysis paralysis or just fear of failure. 

I'm, personally, an investor in Midwest markets were I can still cash flow immediately.

For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year -(A) The average period of customer use for such property is seven days or less;

@Daniel Stoychev for me personally I’m open to investing most anywhere if the deal is right by the choice between Cook County or not Cook county I will always go with not Cook County. 

Just a FYI you don't need an LLC to do RE investing. if you are looking for the checkbook control then yes you will need one, make sure the custodian you choose explains the prohibited transactions and disqualified person list to you. 

I personally don't like condos for a rental property.HOA feesHOA rules that can change.

Correct, which means that "not on your personal record" is not actually factual.

I personally don't have enough funds to come out of pocket.

Wouldn't the same capital gains tax liability exist if I kept the property in the s-corp and sold it in 10 years vs. moving it out of the s-corp (into my personal name or an LLC) and selling it in 10 years?