If the pooled investment is large enough, it may even make sense to create it as a C Corp without an S Corp election.The main point I'd make is not to be penny smart and pound foolish.

Lol I just keep it moving, but there are deals to be had just got to keep pounding the pavement and networking!

Evaluate what traits you consider to be a generally accepted as desirable and undesirable and write them down and do the scoring of 1-4 for it as well. 

If this area is less desirable, you will need to use comps only in the same undesirable area.

You can still manage to use/distribute shares on an LLC and if it's privately done the SEC won't be pounding on your door eitherHope it helpsGarrett 

I'd tell him to pound sand.

When I had granite installed in the house I live in, one piece weighed 600 pounds.

I used to be as black and white as the OP about this subject until I actually went to a few of the really large events.Sat and talked to attendee's that paid 30 to 40k to go.. many frankly were real estate brokers... and other professionals.I do think though pounding on folks who have no money and getting them to run up their credit cards to pay to go to the event is something I am no totally comfortable with.. but then I think of that little company called Hewlet Packard and think back on how they started with a 10k loan in a garage in Palo Alto right down the street from were I used to live.. were did they end up.So when I go to these events as an invited vendor..

Well, the third bedroom in the basement may not be a “functional obsolescence” but in most cases it will be a “functional undesirable feature”.....it’s not going be viewed the same all bedrooms on the main floor.  

I'm getting pounded by an electrical inspector in the city right now who just won't cut us a break.