(You need to know: I have my car wrapped with my company logo that says "I buy houses") After we chatted about the cow for a bit he asked me, "So do you buy houses?"

For instance, they can have as many members as they like, and corporations are allowed to be members.

@Rick Baggenstoss  - I did a LOT of project management back in the day as an engineer in big-corporate-world.  

And it didn't cost him a penny.Though much less creative than the above, my wife and kid and I have plans to get tee-shirts with our company logo and slogan and wear them while volunteering around town offering services where distressed homeowners might congregate, such as soup kitchens or food banks.

In NC, see http://www.secretary.state.nc.us/corporations/corpguide.aspx and click on the first link... then go to page 2-3 for NCAC 04.0502 "Words prohibited in Addition to Statutory Prohibitions" to see the details.

I left corporate America last year in Feb. was tried of the 9-5 grind.

We are combining our money in a C Corp, and going to buy the real estate with the intent for long term holds.We have also agreed to keep the majority of the money in the corporation, and just continue to grow the business vs. pay out the profits.We also agreed that the manager would be paid 10%, since we also plan to grow the business we realize the future need for hiring other property managers.

Yes LLC is the preferred entity due to lower cost and same corporate protection.

Of course I could have leased to the earlier applicants but one was wanted by collections agencies all over town and another had a judgment against them from a corporate landlord.

I recalled in one of my graduate courses in Corporate Finance the professor started using Laplace's Transform to calculate the Net Present Values of the Cashflows (if you don't know what that is, that's the point... essentially some mathematical technique).The reality is that using a basic calculator (or computer spreadsheet) you can approximate to the degree of accuracy that you need for all practical purposes.