You want to run your business like a business.If you have to collect a few checks in your personal name so be it but like Mike said, there are tax concerns.I'm not an accountant but that money will be taxed differently than if you received that money from your corporation AFTER expenses (stamps, paper,envelops, bandit signs, advertising, gas, business cards, seminars, etc.)are paid.Amerilawyer.com offers the benefit of reduced online pricing as well as legal counsel.

But i think the REIT would afford me the flexibility of almost no taxes and also allows me to attract more wealthy investors than a regular corporation setup.What state would you use for setting up a REIT?

Unless it's a corporate tenant with a long term proven track record that would mean nothing to me as an investor.The reason is businesses fail everyday.Even if the business has thrived for the last few years they might have been only going out of the home or a small space.Now they are going bigger in space and they may or may not grow as expected and the rent might take them down.They could be down sizing in space and carrying a ton of debt and fixing to go under.So as an investor the track record and seasoning and performance of the lease is critical when doing an income approach.You also have to analyze if rents are dropping in the area.Even if the tenant has been there awhile they might be jumping ship for a lower rate elsewhere and the lease is coming up soon.I think FSBO really isn't going to get you a higher price.The agent bringing a buyer will now have to do 2 jobs with the buyer and the seller for one fee.Also the buyer will see you are saving on the listing commission compared to other properties listed for sale and will reduce the offer to you.It's a classic mistake of the seller thinking they are saving the listing commission and the buyer reducing in the offer.

We are in a period of over-regulation where demand can't be priced in to valuation models.Watch what happens as Obama nears re-election...corporations are not investing because they are not getting the incentives to invest (that they want or feel they can get) so they are holding out.

Was it held in trust or corporate name?

If one of my employees, when I was a manager, messed up, and they did, I didn't even get upset, I would just send them home as "punishment". [ note that I did not dictate their salary at the time, the corporation did. and I felt they obviously needed that little paycheck, and did not get terribly upset for their mistakes ]The point was that the banks, while a payment from a different source might be considered a constructive notice, have put in place systems [ computer / minimum wage worker ] that intentionally ignore it anyway.

There is no asset protection with a JV, so it is recommended the partners be either a corp or LLC2.

The heirs "got a step up in basis in the stock of the corporation, but the corporation did not get a step up in its assets.”

In process of buying an investment from Wholesaler, a Short Sale, have cash with our Corporation, but it is a restricted 401K which cannot do partner & or have loan docs.

But, an LLC is not a corporation.