I prefer to NOT inherit tenants and select my own. 

Every market is unique and I can’t say if commercial real estate or apartments is a better investment in your area.

Now it is up to you to select the correct tenant, to screen out the poor one..

Use insurance not business entities.You may qualify as a sub-S tax selection with an LLC, but your K-1 will be the same as if you didn't have the LLC, the advantage is more to justifications for business expenses that may be harder to take as an individual.

I was looking at Home Depot and most of the selection has more ornate design than I want or is MDF which just seems cheap to me.  

Down-select lenders and try to grow a "relationship" with them such that they'll provide a guidance line of credit.  

I've used a CA corp with sub-S election and THT's for years.

It's a very unique property, in that there are almost never rentals in this particular town, and it's a town that people absolutely want to live in. 

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How do you select which homes to contact?