I am licensed broker in California, work in corporate real estate finance, and am ready to start investing in my own real estate portfolio.

or you were absolutely certain the property will sell for less than your un-depreciated capital costs {not typically the outcome we desire when selling}.The reason for this is that the CCA (read: depreciation) will be recaptured at the time you sell the property {the delta between the depreciated value and the un-depreciated capital costs or the sales price (whichever is lower)} and added to your income for that year.If you hold the property in a corporation, the corporation would typically claim the CCA since passive income in a corporation is taxed at the highest marginal corporate tax rate; meaning the tax rate at the time of sale will be the same, so you may as well pay those taxes using tommorrow's dollars than today's.

I am a buy and hold investor looking for properties that will appeal to corporate or relocation clients.

I have received a letter from EDCO Disposal Corporation stating that my tenant is past due on several payments, and that if the amount is not paid in the next 30 days ( by the time I got the letter it would be only 20 days left), a lien may be placed on the property for the unpaid amount plus administrative fees.I have no agreement for their services with EDCO for this property.

Non-profits don't buy at the drop of a hat, they will have to have a corporate need for the space, just as any other buyer would.

ryan, in other words you are suggesting to threat it as a corporation and file separate tax returns.

If there is another member of the LLC, then the LLC isn't passed through to you.DISCLAIMER: Neither an attorney or a CPA, just speaking from my own interactions here.The LLC is flexible in that you can pass through the income to your personal returns similar to a S-Corp, or you can elect to file it as a company separately.

So you might want to consider a corporate set up where you can minimize those taxes.

When we went through the mens locker room the names on the lockers where the who's who of corporate america. the only Athletes that are members are Palmer and Nicklaus. and these kings of industry have to share lockers..

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners; (9) Collects rental information for purposes of referring prospective tenants to rental units or locations of such units and charges the prospective tenants a fee.