For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

If it were me, I would go after listings with big, national management companies. 

Most of the national ones won't do it. 

Be wary if rents exceed 1/3 of average incomes.Absorption/Vacancy: Consult National Association of Realtors for market time and inventory insights.

I bought just over a year ago on a NNN lease corporate tenant that filed Chapter 11 on us 7 months into our new purchase and left us with alot of fires to put out with the State of Oklahoma and other local governments.

Are you suggesting that an executive in corporate America doesn't have the ability to manage a team, leverage those with experience, and deliver value for the shareholders?

I'm a corporate employee and it's time to transition so that I can retire from W2.  

We were both laid off over the last couple of months and would prefer not to go back to Corporate America. 

Co-ops, on the other hand, involve owning shares in a corporation that owns the building and can come with more restrictions and limitations on how you can use or rent out your unit.If your goal is to dip your toes into real estate investing as a primary residence before building a portfolio of out-of-state rental properties, it may be a better idea to consider a condo over a co-op.

Is it preferable to transfer ownership to the LLC or consider a corporate lease arrangement for the existing property?