Then, in order to make sure your corporate veil can't be pierced you'd need to maintain independent bank accounts for each LLC and sign different management agreements for each LLC you manage with your PMs.

The response I got was (note I am the broker and the buyer on this property), you are getting a 40k commission on this property, the seller rejects your repair addendum.In all of my experience, having bought and sold about 20 fourplexes and 50 single family homes, I haven’t had seller straight reject a repair addendum and especially not one in this condition.One item of note is that the seller is either from China or is a Chinese-American.  

Many large corporations lease real estate on 10YR, 15YR, 20YR, or longer leases, which locks in their rent payments at a fairly low rate and provides security for you as an investor to own a consistent piece of cash-flowing real estate. 

@Eric Goodman - congrats on leaving corporate America and taking the action needed to get those deals. 

Best bet is to claim your mother is of Native American decent and claim the property as Tribal Land, and open a casino.

Perception is reality: my sphere knows me already as someone different; a friend, a goofball, a corporate manager, their boss lol - etc its difficult to "overwrite" how they view me.

I don't know anything about Limited Partnerships, but I do know that if you are taking in other people's money to invest in real estate, you should talk to a corporate attorney and one who is also familiar with securities laws.

I’m getting ready to purchase my first investment property, and I plan to purchase more.I am a realtor and already have an S-Corp set up for my salesperson business commissions.Should I purchase my first home in my name (then transfer to an entity after the purchase), in my S-Corp or through a new LLC?

Basically they send it to corporate and they look at how large your order is and what you're buying and they'll apply discounts.

If asset protection is your primary goal (w/tax savings a close 2nd) then the operating agreement and other supporting docs will be key in not piercing the corporate veil.