Kris, not sure what the timeline is but I would personally want the LLC's business and corporate credit profile with DnB and Experian to be as high as possible.

Here are other good resources on this topic too. https://www.irs.gov/businesses/notice-2004-8-abusi...https://www.irs.gov/retirement-plans/ep-abusive-ta...https://www.irs.gov/businesses/corporations/listed...

I'm now a licensed real estate agent with Exit Realty Metro (MN) and Homestead Realty (WI)) I am by no means rolling in cash (and proudly enjoy Sports Clips haircuts and obsessing about airline miles for my vacations) but real estate has helped me catch up on my retirement savings and provides a nice second source of income, which helps me stress less about taking on as many clients in my day job (or charging those clients a ton of money).My day job: I’m a political consultant that has managed campaigns, led field programs, designed trainings, or consulted on over 50 campaigns in 18 US states and 8 countries.

@Tim Watkins, it sounds like you have a 2-person LLC, and assuming you did not elect to be treated as a corporation, it will be treated as a partnership for tax purposes. 

Can I start my own real estate investment company (corporation) focusing fix & flip and commercial property buy and hold?

Hello to all, I plan to form a corporation for my future real estate investing business. 

There’s also entitlement risk – the chance that government agencies with jurisdiction over a project won’t issue the required approvals to allow the project to proceed; environmental risks that range from soil contamination to pollution; budget overruns and more, such as political and workforce risks.Location is another idiosyncratic risk factor.

It is deemed a sale at FMV even though you are just transferring it out of the S-corporation. 

I am 22 years old currently and at age 19 I became the youngest General Manager for McDonald's Corporation, EVER.

My property manager told me he's seen people do this, only to have the corporate veil easily pierced in a lawsuit because the mortgage is still under the individual's personal name.