@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. 

Hello Everyone, I just want to say that I appreciate any friendly help that is sent my way in advance!My partner and I are just starting out with getting into real estate, and we feel that we should take some steps to...

As for your second question, can your LLC taxed as an S corporation own your other LLC? 

Afterall, it's up to every 'corporate person' to report their "earnings, expenses and deductions" on their taxes... just as it's up to say me to list the 'expense.'

What owners want for stability of the cash flow stream and resale is SECURITY in longer primary term commitment and parent corporation guarantee.Lot's of other layers into it. 

Buy and hold, house flipping, wholesaling, small multi-family, lease options, land contracts, large multi-family, assisted living facilities, vacation rentals, corporate rentals, self storage, notes, mobile home parks, medical office buildings, turn key rentals, etc.Is your head spinning yet?

I have not been this nervous since I left corporate America to start my own business.