Should we each set up an LLC, do a multimember LLC, or perhaps form a Corporation?

When I had a corporate rental, I just used a word processor to type up an invoice and send it to them each week. 

I'm looking to build corporate credit with lines and high limit credit cardsfor my personal as well as business.

Also, you are more likely to build a relationship with someone in your home town, rather than some big bank or corporation.

Just realize that a legal entity needs commercial funding as it doesn’t qualify for cheaper conforming residential loans.Learn how to protect/maintain your corporate veil.This topic comes up daily.

He bought it in a corporation for $80,000, apparently for cash.

Long term, yes it's more advantageous to have it in a corporation to save on tax, however, there are disadvantages as well including higher costs (accounting costs, lawyer fees, ease of finance, mortgage rates) and, it may not as "liquid".

.- Go exotic – STR/AirBnb, corporate short term, student housing, specialty housing, house hacking, etc… Anyone else who tells you they cashflow with recent deals (acquired in the last 24 months), it is because:- They found the house and acquired it at extremely advantageous price (~50% ARV)- They have a huge amount in equity in the house (likely through DP), and their CoC ROI is under 2%.- They mean something else as cashflow or simply don’t know how to properly calculate cashflow (many consider rent minus mortgage only)- They acquired the rental several years back, not recent- They boast (I’m trying to be diplomatic here).

Hello,I have a question and was hoping someone who is knowledgeable about running businesses (especially S Corporations) might be able to give some advice.

I'd be surprised if more than 5% of the property ownership isn't owned by an LLC, Corporation, or other investment company.