So you might want to consider a corporate set up where you can minimize those taxes.

When we went through the mens locker room the names on the lockers where the who's who of corporate america. the only Athletes that are members are Palmer and Nicklaus. and these kings of industry have to share lockers..

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.

Hi Will, I'm also new to RE investing after leaving my corporate life behind.

A local business moved their corporate HQ, tons of vacancy.

Hi,In my search for retail commercial property I came across one with a 10% CAP rate and NNN tenant signed for 10 years, with corporate guarantee on a lease.

We know a few people that have out of state LLC's and they work OK as well but it is usually easier to get credit checks, local banking, insurance, utilities, contractors, etc. with an in-state corporation.

Definitely not an expert, but I feel corporations are leaner and more efficient than they have been in years, banks have higher reserves, the average consumer has gotten smarter about debt (at least most of them I know, not sure of real statistics), the guys in charge of the money supply are actually quite intelligent (at least much smarter than me), public employment is dropping while private employment is rising, and while we are spending too much as a nation, more of us seem aware of that and willing to do something about it, especially the younger people I speak to.

Don't comminge funds, that is grounds for piercing the corporate veil should something go wrong. 

Like a share of stock in a corporation - with it's market value based on past and projected earnings.That is exactly what Wall Street did with mortgage loans.