@Jasmine Feeney yes They said in the news coronavirus scare and election time made the rates go down.

Fed rate drop was to combat the stock market fallout from coronavirus, and because of heavy pressure from the president... who is in an election year, who's strong economy will help him get re-elected. there is a lot of incentive right now for rates to stay low. just my personal opinion :) we'll see. interesting times, though. 

@Luka Friganovic I was thinking we would have more "if candidate x gets elected" or if president trump gets reelected...I agree with others, the fundamentals coming out of 2009/10/11 are vastly different than they were coming out of the early 2000's recession or the 90's recession, or the 80's recession. 

Should the S-Corp election be made at the WY LLC level?

With the COVID scare, stock market crashing a bit (for any savvy long term investor, who cares, but regular folk get scared any time they see red), election causing uncertainly, it is inevitable that people will look to sell their extra property, and also likely scare away half the buyers.

More relevant is what Kory mentioned and also if the 1065 has tax-exempt partners and a UTBI/UDFI calculation is required, how many state returns need to be filed, if forward and/or reverse 704(c) allocations are involved, a 754 election is made and 743(b) and/or 734(b) adjustments follow, etc.There is a fine line between a professional who knows what they're doing and someone who does not in the tax world.I've seen taxpayers price shop their business returns and go with the lowest cost provider only to find themselves in the middle of a train-wreck 2-3 years down the road. 

Each group is pandered to with different a psudo gin-ed up problem (advertised to), and given their supposed savior national candidate to (hopefully) vote for in a primary, and then the actual primary votes do not really matter and the "Seller" chooses the predetermined runner for the National Election (hoping that because the SJW's "Felt" support for their interim media propped up (false) savior, they will Vote for the "Sellers" chosen National Candidate.In a nutshell, it seems one way to stop those local's who align themselves with the "Seller" from implementing these laws, is not educating the locals (they are missing the point of this and actually solving the made up problem), might be to somehow appeal to the National part of it.

If you are the only owner of the properties, then when/if the time comes you should be able to roll them into a corporation under a Section 85 election and not incur a taxable event (you will want to plan for this with your accountant).Even when you do place your holdings under a corporation, you will not want to place individual properties into separate companies; the accounting and reporting overhead would be expensive.

After thinking over it more it seems it would make most sense to find an attorney in TN rather than here since the local laws will preside over the property and what happens there.

@Johnathan Norman if you are the owner you can elect to accept or not the terms of section 8, do not know of any laws that are in place that mandate this requirement you are refrencing