For an S-Corp, there are situations where you could pay yourself a salary from the S-Corp which is subject to the ordinary and s/e taxes and the remaining profits would be a dividend / distribution to members only subject to the ordinary rates. 

@Isaac Schulman  I wouldn't call it a "steal" per se but I don't think it was that bad, either. 

I grew up in SE Wyoming and made a few trips to your area for sports.

I'm an American living in SE Asia and considering buying a small one bedroom flat somewhere along the Italian riviera.  

This is certainly a decision to keep in mind when a tenant files a counterclaim and you are pro-se or with a poor-performing attorney - even though the claim may be minimal, attorney fees of the tenant can be devastating.

That's how I saw your post, so make sure to se them up.What part of the state is the brewery start-up? 

(There are some crazy people out there)41822 Winter Ct, Canton, MI 48187For Sale: $137,500Beds: 3, Baths: 2.0, Sqft: 1,738Single Familyhttp://www.zillow.com/homedetails/88696689_zpid/Southeast michigan se mi Plymouth

There is a 3bed/2.5 bath townhouse for sale in outer SE Portland for sale (probably would be considered a "C" neighborhood but is hip and property values trending up) that I could house hack with an FHA loan and live for only about 200 bucks a month excluding repairs and vacancies (the rental market is hot and the property was built in 2007 so I am only including P&I, MIP, taxes and insurance in this equation; property has no HOA dues).

not sure of a benefit per se.. other than if you own the whole building it could be sold as a block for a 1031.. seems like a pretty neat deal to me

Are you ok with 17th or 18th street se Cedar Rapids area?