Just transfer afterwards into your corporation or a LLC.I am 60 years old and I have plenty to say.  

If that entity is of record title now, then it may be possible to either buy from successor corporate entity that acquired of even buy the Corp and use (at least briefly) as a Specisl Purpose Entity.Getting a QC from prior, foreclosed owner is the equivalent of an affirmative release of interest.

I'd bite the bullet and establish a separate mgt co, most likely as an s-corp or an LLC taxed as one.  

2) Make sure your GC is licensed (if needed by your state) and insured -- if he/she is hiring subs make sure you understand who's responsible for ensuring the subs are licensed/insured as well.3) Think about if you enter into a contract with a GC if you are going to own this business together or both as separate entities forming a 3rd new entity...definitely worth thinking about the corporate structure here to protect yourself.  

Been looking at a few markets to determine feasibility, but it will primarily be used for corporate/relocation renting as opposed to strictly vacation.

For a short term or executive/corporate rental I would highly recommend buying in the downtown Sacramento area.

Depending on your wealth and what you have to lose,  you ought to form some type of corporation or a LLC.  

Corporations (including banks!) 

It's like buying corporate debt vs buying equity in a company.

I am just getting started in real estate investing, but Anderson Advisors is helping me set up a C corporation and a LLC before I get going.