The idea is- I'll pony up the initial cash, provide the brokerage with a stream of consistent listings, help recruit agents, and handle the strategic business decisions/ administrative duties, while my partner will handle the day-to-day operations of the business.

One last thing, check the square footage against the PVA (property value administration) drawing.  

@Brie Schmidt On the surface they are similar in many ways but there are restrictions in connection with S Corps and they also generally require more administration, (annual minutes on file etc.).

Here's the verbiage:Manager shall collect and retain the following fees incurred or paid by Manager (as applicable) directly from the applicable tenant(s): monthly late fees, dishonored check fees, credit report fees, administrative fees (such as charges for early move-in), paying in multiple checks, key replacement, parking tag replacement, and lease modification expenses.Makes it sound to me as if they only have grounds to keep these if they pay them up front for some reason (which they don't).Thoughts?

The plan specifies "Participants and beneficiaries can obtain, from the plan administrator, without charge, a copy of the plan's procedures governing Qualified Domestic Relations Orders."

-Marital home transferred between spouses and the only consideration is a mortgage or other lien encumbering the property -Marital home transferred between former spouses pursuant to a divorce decree (Rule 12B-4.013(27), Florida Administrative Code) -Property transferred to or from a trust with no beneficial ownership change (Rule 12B-4.013(28), Florida Administrative Code) -Gift of property which is not subject to a mortgage -Document is exempt or all parties to the document are exempt (please explain under “Other” below)-Other – Specify

Now neither the attorneys that market these awkward, convoluted, expensive and administratively burdensome constructs, nor their victims who can't wait to jump into them at any price to prove to the world that they are a chest thumping real estate "player" would ever even begin to contemplate risk mitigation through the excercise of basic business due diligence activities. 

Then it's probably best to wait and have your Roth conversion taxed at the lower rate of next yearif you plan to double your business next year - convert now and use this year's rateif you believe that the new administration will increase tax rates for next year - convert now to lock into today's ratesif you expect to not have the cash for the extra tax - maybe waitAnd remember that you can split the conversion: do some of it this year, and the rest of it later.

I have used 401k loans to purchase three properties and would do so again in a heart beat if I were able, but our 401k administrator recently put a limit in loans by requiring the loans be 5 years apart, which disappoints me.

As a disqualified person to your IRA, you may perform very basic and limited administrative activities, but you may not personally benefit nor may you inject value into the IRA via the provision of goods or services.