Foreign Business Ownership of Property Rental Income

I am a US citizen and intend to partner with someone on starting a foreign company. My ownership will be < 10%. The company will own a real estate/properties like apartments, town-homes etc. which will generate rental income. All rental income will be deposited into the company bank account. I will initially be based in the foreign country and then relocate to the US.

1. Since my ownership is < 10%, do I need to file 5471?
2. If I do not receive any distribution from the foreign company, do I still need to report the company's
rental income on my personal tax return?
3. If I receive a distribution will I then need to declare it on my personal return?

4. While I am based in the foreign country, will I be able to claim the foreign earned income exclusion to exclude the distribution earnings from the company?
5. Are there any additional considerations?

Thanks.

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