Default if there is more than one LLC Member.S-corporation: Reports on Form 1120S which issues a K-1 to each shareholder to report on their personal 1040.

I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipassignments and/or double closings only (no flips/holds)I have other business interests so I will be high tax regardless.majority owner of S-corp for IT consultingW2 for my "reasonable salary" plus shareholder distributionsLLCs (and trusts, etc) pass through for owning rentalsLLC pass through for rental property managementLLC pass through for note holdingThis wholesale partnership will be the sole source of income for my partner.My primary concern is whether separate business entities prevent my rentals from becoming "inventory" when the partnership gets treated as a dealer.It seems a basic S-corp is the way to go with regard to earned income to minimize SE tax.  

Congrats to any trulia shareholders. 

You can also rent to a family member or I've seen some owners form an LLC and then make their tenant a 1% shareholder in the lease, making that tenant an owner.

(from trustdeed capitol bog, no affiliation)Conventional LendersBanks, credit unions and other traditional sources of real estate investment capital are highly regulated by state and Federal laws, closely monitored by both their shareholders and executive boards and almost completely unable to fund a deal that is, in any way, unusual.

Default if there is more than one LLC Member.S-corporation: Reports on Form 1120S which issues a K-1 to each shareholder to report on their personal 1040.

Yes much like a LLC but only the money invested in the S Corporation by its shareholders is at risk, barring extreme circumstances personal assets are usually protected, as they are with LLCs.

I've even attended a BRK shareholder meeting.

When transferring shareholder rights of an LLC tied to a contract, when would it be appropriate for the Wholesale Fee, or LLC Purchase price, actually switch hands?

Yeah so this loan was funded at the height of the market where the lenders thought values would go up forever.Your property owners are in the drivers seat and the bank has no leverage at all because the buyer has zero liability in this case.Now the fund even though there is no liability to the bank does the fund have liability to it's shareholders or investors who have placed money into the deal??