It is a terrible way to go.I agree with @Doug Rose, that most cases, S-corps are good for active businesses and LLCs for passive businesses or holding RE.Get with a good, local CPA fast, before you make any moves you can't take back.

Hi,One of our tenants moved  what color should we paint the apartment?

I sort by color and remove all of the highlighted items. 2) There are a number of online vendors - vistaprint, uprinting, gotprint, etc.  

It is a higher end rental at $1,500.00 per month so I don't want to paint it all one color like I might with lower priced rentals.

I'll go with the green granite every time because it's my favorite color (and I have in several houses).  

Power wash it then decide if it's sound enough to just spray with a good coat of exterior paint, easy spray paint job top to bottom inside & out. .. touch up trim with a accent different color.. it's cute. 

It's in fair shape, and I'm concerned that if I spend the money to rehab it, I may not get my money back out of it.I've also considered painting over everything a white or neutral color and painting the tub.  

What color is it/would it be painted?

The leasing or rental of units in those two family homes in which the owner occupies one apartment of that home as his residence is not covered by this law unless: The homeseeker or renter is a recipient of public assistance or housing subsidy; or,The leasing or rental process utilized the services of a person or organization whose business includes engaging in residental real estate related transactions; or,The availability of such unit is made known by making, printing, publishing, or causing to be made printed or published any notice, statement, or advertisement with respect to the rental of such a unit that indicates any preference limitation, exclusion or discrimination based upon race, color, religion, sex, sexual orientation, national origin, ancestry, children, marital status, handicap, veteran status, or public assistance or housing subsidy recipiency.The following text is effective 07/01/93  

Hi @Cierra Rose Welcome to BP!