As @Ronald Rohde and @Kyle Kadish indicated there's  some hoops you have to jump through but especially if you're avoiding ordinary income tax it would probably be worth exploring.Ownership in the LLC is not an issue. 

if you thought I was indicating that you were definitely mistaken about the Michigan law I was not. 

I simply wanted to know if that is compliant with CA's RE bureau, for future reference.Last message (txt) was from listing broker/dual agent that that Escrow was opened, and so I dropped off the 10K check to the Escrow company indicated in CAR form's Joint Escrow Instructions, which shares same exact address as Listing Broker, just a different suite letter, ie B in of A, and haven't heard back from dual agent since, but assume once contract is executed, brokers move onto their next deals and become 'scarce'.Anyways I had asked for 4wks close then 3wks close but broker kept 2wks close on the offer as its cash so let's see if we actually do close on their preferred timeframe of 2wks which would be 2nd week of Nov; there are NO contingencies other than Title clearing so I see no reason why the heck not, yet remains to be seen!

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

He never gave me any indication of conducting any illegal activity so I never made an issue of anything with them.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

My main indicators are crime, schools, median income, and homeownership ratios.

If so, what sponsor and EIN would I indicate on the plan's 5500EZ form, if the sponsoring s-corp was dissolved?

As far as economic indicators go, there are 100 cities that are comparable to Dayton...it's a lot like Cleveland in that it had a declining population for 40-years...and now appears to be stabilizing. 

My normal process, is that they indicate that they are interested, I show them the property, they fill out and application, then we execute an agreement for lease.