If you haven't made a corporate election for the SMLLC, it is disregarded for federal tax purposes and all activities and assets of the SMLLC are dissolved into the activities and assets of the owner.For California, it appears you are managing the LLC from California. 

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

My question is that if I purchase real estate through my S-corp (or create a different LLC/s-corp to purchase real estate) would that look like a loss/ expense in terms of my overall income from the S-corp and therefore lower my AGI?

We decided to use Fund & Grow (F&G) over other similar companies like Midwest Corporate Credit (MCC) because F&G charges less for their services.

It is true that the CRA does not recognize the 1031 exchange and would tax you on the capital gain.Do you own this property in your name or is it held within an US corporate entity?  

This article has more on the topic, too.In regard's to operating costs @Grace P. for an out-of-state Series LLC, you would generally just need to take care of corporate compliance and costs for the LLC in both states.

We may move to Airbnb or try a corporate lease. 

You may need to pay a foreign corporation fee (out of state) in Missouri.

You're the business that keeps accepting overqualified applicants for key positions and keeps losing them to headhunters because they have so many options other than working for your stingy self.So I guess my slumlord bonafides are now fully on disply with this post, but I'll continue treating my tenants like human resources to be fully exploited to the best of my abilities (just like a corporation), and you can keep on looking for exemplars of the finest past conduct to fill your vacancies (people whose next step is buying a house when they get sick of renting, with their good credit and excellent record), and we'll both do well in our market segments, you in your clean Canadian suburbs, me in my Rust Belt ghetto cesspits.Frankly, if I had a tenant applicant show up with the kind of clean record you're looking for where I own low-income rental properties in the 'Burgh, I'd immediately suspect identity theft.

I do work a full time job in the corporate world.