The other founder and I have corporate real estate experience (Commercial Real Estate IB and real estate PE internships) but are not experts.

The other thing to remember is that these corporate entities are not saving you taxes on a rental property.

Additionally, the $25K net passive loss allowance is available for LLC members with active participation in the rental operation (not the same as an active income business).New CPA is apparently not real estate savvy or believes that the "C" in LLC stands for corporation.  

Go directly to the hospital or corporation and ask them the point of contact of the agencies who handle the contract relocation package.

ORGANIZATIONAL DOCUMENTS ON THE BORROWING ENTITY: They will need* Filed Articles of Organization* EIN Letter from the IRS* The fully-executed Operating Agreement for the Entity (By Laws for a Corporation)* Meeting Minutes Showing the Signer has the Authority to Sign and that the project has been approved by the board of the entity. * Certificate of Good Standing for the Entity DRIVER’S LICENSES FOR EACH GUARANTOR: Please be sure to get a legible picture of the front and back of the document.

I’m thinking about doing a corporate rental with my property, so four bedroom house in a nice area.

If it is a partnership/S-corp or a state that won't allow a QJV, then you may want to file an extension & talk to a tax professional who can help you navigate through this as that would introduce a lot more complexity into the mix.

Then acquired by Cheap Lands corporation and they sold the land to me.

Hoping things change🤞🏼I am involved in the community here and know first-hand the money and resources being thrown at minority-owned businesses from large local corporations as well as local community foundations. 

You might be able to join our tribe through Prime Corporate Services.