If any member of an LLC is another company or corporation (there's a difference), then S-corp is not an option.Now, allow me to reframe your position and tell me if this is correct: one entity to hold property and another entity to run business operations.If that sounds like what you were thinking, that is a common strategy. 

Portfolio lenders typically follow the same (75%-80%) rule and consider the additional income from your properties and perhaps relax on the debt to income ratio and as long as the deal makes sense and generates positive cash flow.  

And I agree and one of my biggest concerns is being in a bad position with the HOA by going against their wishes. 

Want to save money on that and your other office supplies my contact info is below.ATTORNEYS: You need to have an attorney represent your business entity in all court actions.

At the same time, you can be improving your personal finance position to have a solid foundation for investing and taking calculated risks. 

Just make sure you are comfortable that even when the economy declines you are still in a comfortable position should you have to take that property back.Lauren Prichard, CEOAborn Powers/Aborn Homes

“After meeting the requirements of the state civil code, which REQUIRE trespassing, there is a quiet title action.”15th post on page 1 of the thread - Adverse possession claims after being forced out of home.

I've got a lot of great feedback but there's still value in a highly distilled action list like that one you gave me.Thanks again,Steve

Now is probably the best time to cut her loose.Have an attorney review your lease and all actions to date. 

Are you in a position to get a HELOC on one or more of your properties?