Some gurus preach BS like having a corporation that owns a rental lets you deduct your vacations.

Maybe the S-Corp or Corp setups can get away with this.Also note that they say you can't have more than 3yrs losses in 5years or it would be a red flag to the IRS.

@Sabrina Laplante,Looking at parks with about 30-125 lots.Any bigger than that and they are usually corporate owned and would not be receptive to my creative financing ideas, and any smaller than that and the margins are way too small.My target has been about a 45 minute radius of where I live here in Omaha Nebraska.

You might want to consider using an S-corp or a C-corp to reduce your tax.You definitely should be considering retirement accounts.

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.