I made the S Corp election on one of our other businesses (not related to REI).

However, it's the first increase in foreclosures after 36 consecutive months of year-over-year decreases.According to ATTOM's report, four Florida cities have seen a notable change in foreclosure starts over the past three months, including: MiamiMay: 4 percent increaseJune: 35 percent increaseJuly: 29 percent increaseJacksonvilleMay: 22 percent increaseJune: 22 percent increaseJuly: 81 percent increaseOrlandoMay: 12 percent increaseJune: 22 percent increaseJuly: 41 percent increaseCape Coral-Fort MyersMay: 11 percent increaseJune: 64 percent increaseJuly: 59 percent increase"The increase in foreclosure starts is not just a one-month anomaly in many local markets given that July represented the third consecutive month with a year-over-year increase in 33 metro areas, including Los Angeles, Miami, Houston, Detroit, San Diego and Austin," says Daren Blomquist, senior vice president with ATTOM Data Solutions."

Instead the city elected to hire attorneys from Irvine to represent the city in an attempt to seize control of the properties through a legal mechanism called "receivership," or have our buyer enter into an agreement with the city to completely rehab these dilapidated properties, within 30 days, and to lose control of the properties if they fail to complete the total rehab within said 30 day period. 

The US has not had a president that did not smoke pot in college for over 20 years now.

None of those setups are all that appealing.Also I'm not 100% sure since I do not have any LPs in MA right now but I think that a few years back they changed the fee structure so LPs now cost the same to setup and maintain as an LLC (I think it used to be less, which would be a reason to consider it) but now I'm pretty sure it is the same $500/year.My guess is that you will be best to do an LLC that elects partnership tax status.

When I was the President on NWREIA, I tried on only have 3 - 4 national speakers per year.

."-- [/i]President Calvin Coolidge

If the seller elects the installment sale method, and the property has been depreciated under MACRS for the 27.5 or 39 year life then the total unrecaptured 1250 depreciation is allocated as principal payments are collected.

@Jamie Parker an LLC is pass through and will not grant you any tax advantages unless you elect S Corp status.

I'm going to be honest here, but as a tax payer, I and the president don't want to pay for the school loans you signed a promissory note to pay back.