I have also heard of some clubs that will take corporate memberships, so there might be a tax benefit if you set it up right.

I am very interested in investing in real-estate upon graduating as I have learned from several full-time internships that I do not have a passion for working the 9-5 for a large corporation over the next 40 years.

An LLC is still a little more expensive than a Corporation.A an S-Coporation or a single member LLC can be handled on your personal income tax return by adding schedule CA C corporation or a multi member LLC must file a separate tax return and have due dates of March 15th.

In fact, I encourage my clients to form a Traditional LLC shell corporation to conduct all business with the public.

If you are a C Corp, you file the corporate tax and then pay out dividends.

@Chris ConnollyIf you plan to utilize debt financing, you may want to consider investing the IRA in a C-corporation and placing the passive real estate investment through the C-corporation. 

If I were to buy now I personally would buy in Odessa, TX and see if I can get a contract with one of those oil companies for corporate renters.

common areasThose portions of a building, land, and amenities owned (or managed) by a planned unit development (PUD) or condominium project's homeowners' association (or a cooperative project's cooperative corporation) that are used by all of the unit owners, who share in the common expenses of their operation and maintenance.

Hi @Saj Johnson It is nicely explained in the book, 'Start Your Own Corporation,' by Gary Sutton.

Series LLCs also don't have the same history of case-law in the courts that other entities do, but we could even say that about traditional LLCs versus say, limited partnerships and corporations.