Shareholders would get 33% of income/losses and distributions.another example is if an S-corp is owned 90%, 5% and 5% the shareholders would get 90%, 5% and 5% of income/losses and distributions.On the other hand - Partnership vehicles are more flexible and can say a partner who owns 100% of the capital would only get 50% of the income.Also multi-member LLC's would require the filing of a form 1065(partnership return) where the partnership would then distribute a K-1 to each partner/member which they would then report on their individual tax return.Conversely, an S-corp would require the filing of a form 1120S(S-Corp tax return) where the corporation would then distribute a K-1 to each shareholder which they would then report on their individual tax return.A flip that took more than 1 year would still be taxed as ordinary income.

Be careful to parse marketing hype from reality.Autonomous driving vehicles will have a huge impact on real estate, but not until the manufacturers, government, and insurance companies all agree on how it will work.   

@Tom Conant Precisely.

Its not just the roofers with the nails. drywall screws find their way onto the driveway and garage floors...picking up nails and screws sucks , but so does puncturing tires in my personal vehicles...I leave this thing on my box truck so that it is handy.DL

Can you set up a sep ira or some other vehicle and shield 40k or more from taxes?

Precisely, the deadbolt is difficult to close and perhaps that lead to the habit of not closing or thinking its already closed after turning the latch.

My broker's private bank and private lender options also denied it for being too unique of a property (it being an island) and had a concern about not having year-round emergency vehicle access (it's in Northern WI so we winterize it Oct-April). 

I need to remember that some vehicles are easier than others.3) End goal of passive income is ideal although no income is truly passive but some is easier to gather than others.

@Samantha Black, precisely, couldn't agree more. 

Do you think it would be a good idea to get a loan on some of my paid off vehicles in order to get the down payment for a large multi-unit property that will cash flow from day one?