Maybe he's flat broke and can't come up with $5000.

If an S-Corp has an excess of capital that it would like to avoid being taxed on can it invest it with a Real Estate Investment LLC and deduct the expense?

I'm not sure the correct way to do it, but here's how our guys do it.After the plastic house wrap is put up, they wrap felt from the inside to the outside on the sill, so it lays flat against the sill, and lays against the house, over the plastic, about 12" down, and 4-6in to the left and right of the window.

Your capital gain is the excess of your selling price over your cost basis (adjusted for improvements and selling expenses).

I never mentioned anything on price so don't flat out tell me I'm wrong when you're applying a conditional statement to my post!

I particularly enjoyed the very last sentence:"Blaming the loss on the investor appears as an ingenuous attempt to deflect accountability for prior excesses in loose lending practices."

The reality is it takes a SPECIFIC type of personality to do property management effectively.Sadly a huge majority of managers are not good at what they do and want the residual paycheck.Other than a tiny fee and a big headache they get no benefit of depreciation,cash flow,principal pay down,and appreciation (hopefully) of the property.I can tell you flat out I am an investor and a commercial broker and I am all about closing sales.Never will I do property management.I love the art of the deal closing sales too much.It is really hard to find a property manager worth their weight in gold.If they do a fantastic job what you pay them shouldn't matter.Plenty of cheap but crappy managers out there.Expensive ones too that are crappy as well.If I found someone great I wouldn't mind paying them a premium.

It seems though that some people collect influence points with the same mentality as a dungeon and dragons / world of warcraft dudes collect medallions and flying ponies or whatever.... via excessive post...

If the house sits in the center of 8 acreas square, it would probably carry the value a little better in keeping with the 50% for the excess land.If 5 to 10 acres is customary in that area and the comps support the additional land, then go with the comps.That's my quick opinion.

The lending environment just flat-out sucks right now!