There is some room for creativity here, but it takes careful planning and execution, and there is only so much you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Tax strategies that do not belong on the EOY to-do listForm an S-corporation.

The member(s) of the Defendant have used the corporate shell as a way to avoid any liability for the serious injuries that were caused to the Plaintiff and others by the reckless action of the Defendant’s member(s) and agents.

There is some room for creativity here, but it takes careful planning and execution, and there is only so far you can push it before crossing the line from aggressive but legal to reckless and punishable.GROUP 2: Legitimate tax strategies, just not for the EOY to-do listForm an S-corporation.

You don’t win by moving your king around recklessly.

Ironically it's normally the individuals who go to the greatest lengths believing they are protecting themselves who are the most reckless in the way in which they operate their real estate.

Then, they decided to push full steam ahead, even stating they have more property for sale.There is no doubt that at the very least, their actions were reckless.

Buying hood properties with what is basically credit card debt in today’s market is so extremely high risk it borders on recklessness.

Quote from @Jonathan Bock: Most landlords are reckless and they would do some probing for fun and to save $. 

I figure if I put all my money into the properties, I am shielding myself from losing it by being reckless in the market.

Toby, Maybe in your state they return it to tenant, but that seems reckless on old manger's part.