You would have to pay franchise and excise tax as an LLC unless you waive your liability shield and become an Obligated Member Entity (OME) which defeats the purpose.What is your goal, to protect your personal assets?  

This can help decrease capital gains rate and the percentage of Social Security subject to tax. As

If you're seeking out a property to improve and re-sell for profit, that's ordinary income tax subject to SE tax as well. 

IRA and 401k are subject to this tax.Leverage generated UDFI (Unrelated Debt Financed Income).  401k exempted when debt is secured by real property.The tax paid when either of the above types of taxable income are created is UBIT (Unrealated Business Income Tax).  A

If we can't find an answer to owning a property through the corporation, we are willing to do it through our personal names and pay income tax as a last resort.Again...any helps is appreciated.

So no one really counts income tax as an expense but you don't have to pay much, if any, of it.

I tend to be very conservative about money; I even look at graduated income tax as and extremely stupid policy.

The return of the Death Tax – For those dying on or after January 1, 2011, there is a 55 percent top death tax rate on estates over $1 million5.

Here is a good primer on taxation issues relating to corporations:Putting Corporate Tax “Loopholes†In PerspectiveMy beef really isn't with corporations minimizing taxes.

To generate $36,000 (pre-tax) a year, you need 14 units.