I would do this even if you have an LLC in case the really worst case scenario happens and you have a car accident that kills someone or you accidentally burn down someone's building.

Worst case scenario, he goes back and he gets another job at some point if it doesn't work out, but with his skill-set, I'm pretty sure it will.

I’ve got some time so do your worst BiggerPockets.

I only offer on properties I've been able to thoroughly inspect.If you want to move forward with the property in question, then I would assume a worst case scenario and base your price on that.

Yeah, Ive learned a lot, but I wouldnt want my worst enemy to make the mistakes I did which is partly the reason Im posting my experience. 

@Jerel EhlertI am assuming you are going worst case? 

Sorry for the flex :)  I prefer regular gold coins because they are more recognizable by people who are unsophisticated if ever I should need to buy their assets/services by using gold in a worst case scenario.

Don't pay too much, and the worst that can happen is you'll have to sell sooner than you expected, not a whole lot worse for the wear.

I have said this a few times when people ask for relationship advice.. either you will grow together, or you will grow apart, or worst stay the same. 

This is true even under the TCJA, with the reduced C Corp tax rate and assuming the business is a "Specified Service Trade or Business" the owner is phased out of the 20% QBID (i.e. the worst case scenario for an S Corp under the TCJA).I find C Corps only make sense in very limited fact and goal patterns (e.g. foreign ownership, when a company is anticipating going public, and/or when owners want heavy fringe benefits).Don't forget you get taxed when you extract capital from a C Corp -- either via salary or dividends.