I'm new to investing and decided to go this route because I recently went through a major layoff in corporate America, and I finally had the opportunity to do something that I was passionate about.

we need your help to choose the business entity that is appropriate to our goals in REI. my partner and i are focusing on multifamily home rentals with sec8. we are trying to build passive income and maybe do flips on the side in illinois where we reside. do you think we should incorporate our business name with LLC or S-corp?

For instance; how many stairs, the length of the stairs, wether he's using rebar to reinforce, is he putting fiber in the concrete, is it colored, is he going to dowell into existing concrete.

More passive, more bang for the buck, and very tax-friendly - the IRS gives people more financial reward to be property investors than any other investment.To incorporate your potential love of flipping, I might suggest finding distressed properties, fixing them up, then renting them out.

If you need to see some language to incorporate into your own documents, your best bet is to speak to a Real Estate Attorney. 

Of State office and find the incorporation documents which should get you to a corporate agent or rep. for the owner.

Depending on the state you incorporate in, LLC's are dirt cheap compared to the potential tax shelter losses and expose you have by not using them. 

The roof was a special fiber-based Spanish tile that had an installation manual that was voluminous.  

I am strong in finance/accounting (not a tax person though) and love spreadsheets as I used to work in corporate finance.  

Just incorporate that fee into your numbers.