You should be able to check with your state corporation commission.

You will likely need an underwriting exception, and management or corporate approval, from the lender for properties 5-10.

While state law may authorize a single member to assign all assets of a corporation, I simply prefer to see everyone named to sign off making it crystal clear that they are assigning all of their rights in and to the corporation.The Bank: You'll need to assign all accounts, escrows, checking, maintenance, or what every you may have in the name of the corporation.

Hey Teddy,I got started just a few years ago...decided to leave the corporate rat race and give real estate a try (with the help of my wife, who is the genius of the team).

I.E. a short sale without the corporation from the borrower?

As a multi-member LLC you will be taxed as a partnership (unless you elect corporate status, which I don't recommend in the case of buy and holds).

Interesting and now that I see you have other degrees I'll make a suggestion of food for thought.Have you considered being a corporate property manager?

NY Times article about corporations buying up huge bundles of houses with the intention of renting them all out. http://www.nytimes.com/2012/04/03/business/investors-are-looking-to-buy-homes-by-the-thousands.html

It doesn't matter the type of business (sole-proprietorship to complicated corporation), you have to have a salary for your company to make an SD401k contribution.

I'm going to hazard an answer to my question, correct me if I'm wrong.A) If the investment is by loan then they are like any other employee/contractor like I stated above for a renter.B) If the person is a partner, then it depends on the partnership was made up how the "contribution" is compensated for, but no W2 or 1099 is needed.If a corporation then the work could be treated either way.