In any case, the CPA after some study said that if our LLC were a sub chapter S corporation we could sell the property to the corp at market value, then use the $250K exemption personally.

I use National for my coverage.

I think your account or CPA person would say to keep separate accounts and, if you have not already done it is eto form some type of corporation or a LLC to keep your business activities separate from your personal stuff.  

Hello everyone I am wanting to create my corporation in NYC but I am not sure which corporation an C,S or LLC corporation would be good for Real estate investing.

Hey BP Community,I am a recently transitioned military officer who has just joined the corporate finance world and realized that it is not all that it is cracked up to be.

Hey BP Nation!

She's a Corporate Financial Manager making good money and I am an IT Project Manager making pretty good money, but she is feeling a little disillusioned with her career and says she's always wanted to flip houses.  

Heck you can make that on a corporate bond and not have to hassle with renters.

The bank's response here sounds like a national bank but I could be wrong.  

All the details of rent collection, leasing, maintenance, repairs and bookkeeping are handled by national class, professional property managers.