The employer (their business) can contribute on a profit sharing basis up to the plan maximum of $57K using a calculation of 20% of net business income in a pass through/sole proprietor situation or 25% of W-2 wages in a corporate situation.Speak with your CPA if you have a self-employment situation and wish to know how much you can contribute, as well as how much is actually beneficial to contribute. 

Most properties I see are listed under corporation/LLC.

Most properties I see are listed under corporation/LLC.

In business, such trusts, with corporate entities as the trustees, have sometimes been used to combine several large businesses in order to exert complete control over a market,[1] which is how the narrower sense of the term grew out of the broader sense.Source is Wikipedia

This means I'll be looking to set my LLC up as a two-person LLC and make sure the structure requirements meet all of the QOZF qualifications, such as being taxed as a corporation, etc.Does anybody know if this will still work if it's technically originally purchased under my name however?

Similar to not co-mingle funds, you need to see the LLC as a separate legal entity (since that is what it is) and not as your alter-ego, which is one way to pierce your corporate veil.Good luck.

Other than that I'm not sure many urgent things will happen with actually maintaining your corporate formalities.

They use a home office for their, "corporate," office and generally deduct what they can though they own it outright so only can deduct a small percentage of taxes and utilities they pay on the home. 

I think Sac has "earned" its property value increase with an increase to the economy from big companies like Oracle, Apple, the MLS, etc. coming into the area, and the continued growth of new development and homes to be lived in by those corporate and state workers.

If you need the income then you want to be designated as a real estate professional and set up your corporate structure appropriately so that you can maximize deductions and minimize taxes.