When I worked in Corporate America and a position opened up, the manager would always ask "who do you know" before advertising the job publicly (80% of the job market is "hidden" this way).

Highly likely there is an interesting story behind the 1% conveyance.You'll need the LLC (by a duly authorized member, manager, someone with the express authority to convey -- review the corporate docs and Resolution) as well as the life tenant to sign off on any transfer.

@Saran MandhadapuThat requires a deeper analysis than we can do on the free forum.S-corporations had precedents and therefore are relatively safe.

Then did went the corporate route. 

With announcements occurring almost weekly of new corporations bringing jobs to our economy and new developments breaking ground, Tucson seems poised to finally shed its title as Phoenix’s little sister.I have lived in Tucson for 10 years, I moved to the city to attend the University of Arizona in 2007.

@Dan RomaA CPA is recommended but not required.A couple of talking points - You need to apply for a corporation to have S-Corp status.S-corps tax returns are due 3/15 with the possibility of it being extended to 9/15.You may want to look into creating an LLC that is taxed as an S-corp.

@Paul LaSpina , im not sure what you meant by business structure, do you mean LLC / Corporation etc. entity or specifically skillsets being provided by each person? 

I will definitely use the lawyer to set up the Corp, I just was not sure which form of business would allow this transaction, LLC or S corp or C corp.

Taxes, corporate structures, privacy laws, mortgage qualification, etc, etc. are all areas which differ from the states.Anyway, just wanted to welcome you to the investing community!

I have 3 tenants, large corporations, with verbal contracts for 5 years.