Income, expense, asset or liability?

The software *appears* to be the biggest value.

Im not a lawyer but i believe he wont be able to role his money into SFR's because it isn't a like assets.  

@Michael ForbesIf you are not aware yet, a Roth IRA can be invested in real estate and may be a good way to continue to grow your Roth IRA tax-free funds.The rules require Roth IRA assets to be distributed in the following order: regular contributions, conversions and retirement plan rollovers, and earnings (IRC Sec. 408A(d)(4) and Treas.

Which is why you are having a hard time.If it is your first property and you are not looking to do a flip, it is not worth trying to necessarily get the loan under an LLC.Most first time real investors don't have much asset (if any) to protect to be hugely concerned about the liabilities of owning real estates.When you get to a point where you have a lot of assets or significants to protect, you should start to seriously or solely considered doing it under an LLC.Scott Trench wrote a great article, take a look at it.https://www.biggerpockets.com/renewsblog/2015/06/0...

I have most of my money in the market and cash assets, and I do actively manage it because I can do it from work and it does not disturb my coworkers.  

Does anyone have experience with Five Brothers asset managers?

Now, if the PM company is saying that the asset needs a lot of hands-on management, and they require someone to be on site daily because it is in a Class D area for instance then maybe that would warrant such a high fee. 

Again, I am not in this for income, strictly for a good retirement and assets to leave the kids. 

@Cole MitchellYou can certainly sell an asset by an S-corp to the shareholders as long as the sale is at an arms length transactions.The questions is should you.If you plan to acquire it in an S-corp(you will be forgoing the section 121 exclusion which you said you are okay with) if you are going to just sell it within a year - you should just sell it directly from the S-corp.Transferring the property from the S-corp to you personally and then eventually the buyers will cost more in title work.