Pay myself as a management company to reduce passive income

[David Rende]

I'm trying to figure out the best way to reduce my rental income. 

I considered a sole proprietorship management company but it just seemed that that wouldn't be legit - maybe it would but I wasn't sure. My other thought was to use an S-Corp which would at least be a legal separate entity but still allow pass through income. 

I'll put it this way in a hypothetical scenario.

Net Rental Income: 30,000

Expenses: 26000

Net: 4000 (I'd like to get this to $0)

Could I pay the S-Corp (or LLC) $4000 a year and deduct that as an expense. (I'd prefer to not do an LLC because it seem the fees in illinois are even higher than an S-Corp)

Any thoughts?

Dave