Further, sheltering income via a retirement account does not eliminate the tax, it defers the tax until the income is recognized as a distribution from the retirement account (mandatory distributions begin at age 701/2.).  

The property analysis is based on recognized metrics such as cash flow, ROI, IRR, etc.

Having said that, I recognize that having strangers control large amounts of my investments is unnerving.  

But yes I advise people to be cautious until a proven track record is shown and that's where reputation comes in.  

At the same time it has proven very tough to pull the trigger because we seem to be at the crossroads of either going with a turnkey provider or identify a property we can purchase ourselves which is rent ready and hand it over to a property manager.

The legislature recognized the potential for abuse of the Ellis Act and provided for steep penalties for landlords who do not comply with the requirements.  

.- Since 2002, experience in SFH purchase, buy and hold, remodeling, property management.What gets me going:- Folks with track record in apartment investing to check out my financial model on this deal- Local Chicago Team with proven track record in apartment: contractor /inspector (subcontractor - plumbing, electrical, roof, exterior, interior upgrading), property managementThank You!

Unless you've tested this and proven it doesn't work, it's irresponsible of you to tell people it doesn't.Real estate investment training is not a commodaty like a laptop or a book, yet hundreds of companies are spending hundreds of thousands a month advertising online to potential club members (I know this from years of direct experience doing this very profitably for clients). 

A few days after getting the offer signed the seller contacted me & informed me that she just found out the courts don't recognize her as the executor because there wasn't anything in writing from her parents like a will stating her as the executor.  

The share holders own x% of the corp entity which equates to one unit so in a dissolution the % is exchanged for the unit and no gain is recognized.