It's still breaking the rules, so consult your own conscience.The other issue is taxation of the refi cash itself.

except in VERY specific and limited circumstances, running rental through an S corporation adds an additional layer of complications and MAY cause more taxation.  

It's another unneeded layer of "taxation" and "regulation" that we don't want to deal with.

The CPA and the attorney have since passed away.We are familiar of the double taxation in the c Corp and we can move into an escort but then we will not be able to sell it for five years due to the IRS “look back” Process and if we do we would then be assessed Secord’s taxes after the five years we would be taxed as an S Corp.The question is, in reviewing the documents and inquiring with the county which the farm is actually in, the deed that is on file is the quick claim deed from my father’s trust to both my brother and I.

Sit down and calculate what your annual cash flow vs taxation would be if you had no mortgage interest with a property’s expenses on one property, then calculate annual cash flow vs taxation on 3-4 properties and their expenses including mortgage interest.

I’m beginner .. want to use IRA to invest with least amount off taxation on my withdrawal.

I presume this would be something I could find out from the Maryland Department of Assessments and Taxations search site? 

Another is for tax purposes if they are doing a lot of business a good CPA might roll the LLC into an S-Corp to help with the self-employment tax at year-end. 

An LLC offers taxation options.

Also, do you have any info on how taxation would work?