Moving free and clear properties to a s-Corp to get mortgage

[Jhansi B.]

I need help on how to do this. We own college town properties free and clear and managed by property management company out of state. It doesn't make sense to have mortgages individually on each property due to the size of loans and also it will increase number of loan we will have personally on our name.

Is it good to transfer the properties to a Corp with s-election and have the Corp to pay the value back to me either by getting mortgage or every year from the income. My CPA says expenses are high on LLC depending on LLC asset value.

What do you guys think? Has anyone got a Corp loan solely on the assets and income that the Corp will have by holding real estate?

Thanks