I didn't know what the proper name of the form was, so I couldn't search for one.

Sounds like you may have created a taxable sale based the information you have provided.Like Ryan said 1031 exchanges must be handled properly otherwise they won't be recognized.

To expand a little more, in an S Corp you can receive income as both earned (paycheck) or passive (stock dividends).

I have read some of the many post on this topic, and from what I can work out LLC's offer protection if they are treated and run as a proper business, and not just an easy form of protection against negligence.

I ended up drilling injection holes below and shooting it with expanding foam.

Btw - no dumb questions, we are all here to expand our vision.

The plan funds the transaction, the property is properly titled and John earns a standard commission which he puts in his "personal" RE business.

I'd like to buy a home soon, and I don't want to wait long enough to save up a proper down payment.

My though twas the IRS would look at the owner from a legal standpoint which would be me as title would be in my name but again the land contract would be in place giving them vested equity well thats not the proper term, proper term eludes me right now, but you know what I mean...thx Steve!

I am wanting to expand my real estate in the near future and looking for my best options.