Property management LLC (filed as an S-corp for taxes) on my own properties?

[Corey G.]

So I posted the other day asking if I could get around passive income on my rental properties so I could contribute to my retirement account. Post here: https://www.biggerpockets.com/forums/51/topics/1183339-contr... I read that it was possible to create a PM company under an LLC and pay myself to manage the properties but then I would be subject to 15% Self Employment taxes. However, now I'm learning that I should be able to do the same thing and just classify the LLC as an S Corp when filing my taxes and it avoids nearly all of the self employment taxes. This would then allow me to create a solo roth 401k and contribute a substantial amount more to it than just a traditional roth IRA. Has anybody done this? Do I have the gist or am I missing something important? I don't have a CPA yet and so I don't have anybody to ask currently. (I need to shop for one as I don't have a lot of friends doing the same thing as me in my state.) If this sounds like it's doable, then I'll need to find one and get the process started. Any information or experiences are appreciated.

[Patrick O'Sullivan]

Corey, I have an EA referral if you're in need. She handles our taxes now for many years and a personal friend. Let me know, I can see if she's taking on new clients.