I would buy a duplex in a nice area and turn the other unit into a corporate housing rental.

My husband and I are both corporate engineers looking to retire from our current positions and move onto new challenges away from the current grind. 

(TY professor Chichernea for one of the most intensely challenging Corporate Finance classes ever!) 

We are now going to partner with another couple and not sure if we should do another LLC and file S-Corp or if there is an easier (least expensive/tax advantageous) way to structure this deal.

So I thought I would take this time to reflect on all that has happened since then.Before BP – I worked a 50+ hour a week corporate job and had 3 properties with plans to aggressively pay them off and in 15-20 years be able to quit my job and live off rent incomeAfter BP – I quit my job within 9 months of drinking the BP Kool-Aid and now have 30+ properties and 90+ units and I started my own real estate brokerage and website business and networking conference for investors.It has been a wild ride!

Its the way major corporations and banks make investments. 

Also, it is very easy to "pierce the corporate veil".

(They wouldn't approve a leave but were more than happy to have me back and my boss literally told me not to pass up the opportunity but for corporate reasons would not be able to accept the leave) So question is do you think a bank would lend to me and if not what sort of deals do private lenders offer ? 

Form 1065 in turn reports taxable amounts to the partners for inclusion on their income tax return.S Corporations, tax-wise, are similar to partnerships, but there are some important differences.Limited Liability Companies are also similar to partnerships, but, again, with differences.

Great weather, no state income tax/corporate tax, tons to do, limited traffic, great outdoors activity, close to L.A