Under present rapid acquisitions rules, new real estate investors (non-seasoned) may acquire two non-owner occupied (investment properties for each of the first two years using financing from one lender.

I am currently working with sellers of quality (non-rehab, non-forclosure) homes w/ tenants and/or tenant ready...

I don't wanna be locked into using one company for the rest of my life.I have never had that limit placed on my non self directing IRA.

If you are the owner of the LLC, then you have a distribution from the S-corp to you as the 100% owner and this is a non-taxable distribution provided you have basis in the S-corp stock and then you are contributing it into your LLC as a partner would and receive additional value in your capital account of the LLC.If the S-corp is the owner of the LLC, then you have a straight contribution into the LLC and receive additional value in the S-corp's capital account of the LLC.You also need to determine what the purpose of transferring the property is and what the intent will be.

So my parents were like.... ok, lets say august 6th, verbally.

They might view the issues noted as non-events (already figured into their offer) or they may want to walk rather than continue.John Corey

In the partnership, you will get basis credit for non-recourse loans which you do not in S-corps.

I actually had comped the house at $390k when considering the purchase but that didn't mean anything after between an out of state lender/non local appraiser/0% buyer down.

They have a mailing list that is open to non-club members.Great state.

now that most states have a 40% or higher forclosure ratio the banks are allowing compilers to access their inventory via websites and distribute their non performing properties and reos to the general public. they are selling these anywhere from 35% to 65% ltv. traditionaly it was hard for the smaller investor to obtain these properties in this mannor due to the higher minimums set at $10,000,000 but now the banks are allowing even single properties to be obtained in this mannor. i am happy to refer anyone to a broker or compiler i have used if they are interested.