I'm a CPA and worked in public accounting as a financial statement auditor for 3 years, and have since moved on to an accounting role at a large corporation here in town. 

It's politically un-acceptable. 

What are the tax implications of an individual deeding the title of a property to a partnership or corporation? 

Ask him what the yearly requirements are you need to follow so you do not pierce the corporate veil in MO.

I was planning to do corporate rentals but after investigating with company we use for corporate rentals, the vacancy is around 70% which is pretty weak.

I feel that I keep on losing out on deals because I'm too paranoid of the legal side of starting an LLC or corporation with someone.

Plus, there have been several court cases concerning corporate protections in California where the Court has decided to "pierce the corporate veil" concerning California LLC's - which means that setting up an asset protection structure based in California is almost like not having anything in place at all. 

The house next door rents for $350 per night and it's just a standard house with no pedigree.With that said, corporate events and weddings would be the big revenue generators supplemented by guided tours when the house was not rented.What I would do is renovate the interior of the house to match the interior of the Brady Bunch TV Show.  

My plan would be to move into the neighbor's house in a year or so and rent (corporate housing) the one I just purchased. 

After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be classified as an organization taxable as a corporation.