The process @Chris T. is referring to is creating a "disregarded entity" - an LLC that chooses to be taxed as a sole proprietor. 

There is no tax benefit to the LLC because for the purposes of taxes it is a pass through entity, which means tax treatment is the same as if you operated as a sole proprietor (just owned it directly).

If anyone has a link to an IRS page that could help me understand the different implications of rental property in a corporation vs sole-proprietor, I would greatly appreciate it. 

Being a sole proprietor (individual ownership) versus LLC makes no difference for taxes.

Hello Brad,VERY excited to receive your response.Presently, we are refining our business plan.WE are a team: 41 years as a sole proprietor self-employed carpenter /builder on the east coast from Maine to Florida.Jessica is the Operations Manager directly supporting the owners of an established Malibu, CA-based vegan company, with manufacturing located in the Philipines.

Relocated last summer from MA to Portland, OR.Fyi - My spelling is not perfect as you have already assessed. Proofread both posts and did it again.Hope you appreciate my humor.Cheers,Jeffrey 

That LLC must have also elected to be taxed as a sole proprietor. 

SO, this leads to the thought of serving the interest of the S-Corp while serving the long-game opportunity.In my mind, the long-game opportunity is to own the building under a new LLC (whether sole proprietor, partnership, or however your CPA advises for your situation), and then lease it to the S-Corp. 

TaxesI am not an expert here, but I believe there are some small advantages to owning the real estate in an LLC vs Personally (filing as a Sole Proprietor), especially if you are making active income (flipping, wholesaling, etc) through any of the entities by filing as an S Corp.

The club has had a lot of representation from companies like Cushman & Wakefield or Blackstone to a successful sole proprietor investor.