A reit is a company that must give 90 percent of its income to shareholders.  

I prescribe to the Milton Friedman (renowned economist) view of business.One thing he is famous for preaching is in essence this: A business sole purpose is to make as much money as possible for the owner or shareholders while conforming to the basic rules of society.You can read his famous article hear:

Anyone else trying to do it from a far or from CA specifically is going to get killed over the long run Great idea having a PM as your partner or share holder.

Have a Board of Directors that has real meetings and shareholders meeting for the corp., take notes, publish minutes, treat owners as owners not as employees (although they may be that as well).Accountants for the REI biz, generally see them as 6 of one, half a dozen of the other.

Dividends are profit distributed to the shareholders(owners) of the company. 

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books) Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Also, you should get a good Insurance.

@Robin HinesThe important thing here is that the repairs should be paid by the LLC and not from your personal account.If you make a loan to the LLC - record the transaction asCash - 5,000   Loan from Shareholder - $5,000At this point the books show a loan from shareholder for $5,000.

You become an unwitting "shareholder" in a failing bank.https://www.theepochtimes.com/..."

When structuring an S corporation for fix and flips, it's important to adhere to the IRS rules regarding reasonable compensation for shareholders who are actively involved in the business.

Being a market maker while simultaneously being a profit driven, publicly traded company with responsibility only to its shareholders, Goldman is in a much different position.