As William mentioned a review of the by-laws, unless you are aware of the stunts that can be pulled in a corporate board, I suggest you have your attorney review the by-laws.

However once you become over leverages there will be problems.Just look at big corporations such as Chesapeake Energy, they are having problems currently because they are over leveraged.

For that you are getting a quality investment with mailbox money paid for by corporate tenants.

My friend (and investor client) also bought one the same time we did, so there's at least one other person that's not corporate in the complex

William Holder,You might want to consider a C-corporation as you can create a Solo-401k that can invest in the company stock.

I finally had enough of desk jobs and the corporate world, and an opportunity to do something different arose, so I jumped.

First I want to begin flipping homes and as I go along would like to rent out.I recently graduated from georgia state and have been employed at a corporate office here in atlanta.

The next best solution is this: Guidant will set up a new corporation for you, have the existing 401K transferred to your new corporation, and then you can use the money to pay an employee a salary.

. - I'll take that as a huge complement!

Return of Partnership Income. http://www.irs.gov/pub/irs-pdf/f1065.pdf and include Form 8825 Rental Real Estate Income and Expenses of a Partnership or an S Corporation http://www.irs.gov/pub/irs-pdf/f8825.pdfYou will then prepare the 1065 and while doing so will prepare a Schedule K-1: Partner