I agree with @Michael Siekerka , one LLC, if correctly structured and maintained at an arms length is enough corporate veil protection.

Southwest Business Corporation.

If you do flips inside an s-corp (or LLC taxed as an s-corp) than you can distribute some of your income as salary and some as dividends.

You can't call yourself an LLC or a corporation, but you can pick a professional sounding name.

My name is Shaun Mirza and I am currently in facility management for a corporate company in midtown Manhattan.

I see having two options: 1) Purchase a larger home which will in turn take more of my income from my corporate job to pay the mortgage, but make my wife happy.

He left an executive level corporate job to invest in real estate full time because he didn't have any job security.

We did this so that if there is an accident or something happens at our rental, our liability is limited.By running your properties in an LLC and as a company, you will treat the money more as a business and less like a personal piggy bank.My wife and I used to run a small farm business (VERY small business) and figured it wasn't important to have a separate corporate structure.

Welcome to BP, Kathi.My question is, first consideration in moving up in corporate, is what is your level of formal education?

It might be cheaper than arguing and paying the attorney additional fees, holding up settlement and fighting over it.I'll bet the contract and norm is to transfer marketable title, insured title, unless stipulated in the contract, if this is a last minute issue I'd guess it's just the attorney, seeing if he can get away with it in representing his client.There is also another issue so far as financing, if your friend is obtaining a loan the lender will require a GWD being insurable as well, exceptions are made for institutional lenders selling as the property is sold by a corporate body arising out of a foreclosure, a different issue than buying from an individual.Make it a lending requirement for settlement and that SWD may go away.But, ask, are there any exceptions being made and why?