Tax question LLC partnership C-Corp ALBERT AIELLO

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Ok did any one purchase Albert Aiello's goldmine software. I attended his meeting a week ago and now that I am going to have my first rental I have a few questions regarding how to set up my LLC. He said to open an LLC but then have it taxed as 2 owners. He said to have it taxed by me 97%( LLC) and then the other 3% as a C-Corp? You get the benefits of both, and avoid the double taxation issues. He also claims to spreaad out his depreciation in a certain way and to avoid becoming a "dealer." He also stated about having to work about 750 hours a year, which he claims to do watching TV shows like Jerry Springer to avoid renting to section 8 tenants? lol Just wondering if you guys have purchased his program and am mostly concerned with how to properly set up the LLC as he advises using the C Corp as a partnership which most people seem to avoid thanks

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It sounds like Albert is advising you to setup a multi-member LLC and electing to have it treated as a C-corporation. This is certainly something you can do, but as far as the IRS is concerned the LLC is not a recognized entity and they will treat the business solely as a C-corp.

You will need to pay yourself a salary in this situation and could pay yourself a dividend. Your salary would become an expense of the business lowering the taxes of the corporation.

The more I read this the more gimmicky it comes across.

Not sure what he is trying to accomplish here. Normally the goal is to pay the least tax at the corporate level.
This simply makes no sense. A dealer is not allowed to depreciate RE because RE is essentially inventory in this situation. How you depreciate RE is not a deciding factor in determining dealer vs investor.
There are many legitimate hours that can be applied toward being treated as a real estate professional. Time spent in analyzing deals, time spent in checking credit, time spent in picking up supplies, time spent in due diligence, time spent in education. Not sure that I would use 5 hours per week watching Jerry Springer as qualifying time. The 750 hours is not the only test either.