And not the C Corp.Is this a loophole that we can go through to avoid the corporate C Corp. taxing thT would occur if we would sell the farm today, or move to a Corp and sell after 5 years.How do we go about selling the land that is still seeded to my brother and I and was never seeded to the c Corp?

Background: I had used most of my mortgages before I quite my corporate job.

I am out in Phoenix, Arizona and have come to the realization that a corporate life is not for me and I deserve financial freedom!

Agree with @Kory Reynolds.Generally not a good idea to put rental real estate inside of a corporate tax entity.You should get a second (and ideally independent) opinion to contrast with your parent's CPA. 

Danny:My post above is in reference to the high-ratio insured mortgage programs by the Canada Mortgage and Housing Corporation (CMHC) and sanctioned private insurers who provide the same coverage.  

My passion is traveling and I am going to work for the freedom to not be tied to the American standard of two weeks of vacation time (which typically must be approved by a superior, no less!).

I left my corporate job almost 2 years ago to move closer to home (family), and saw this as an opportunity to learn the contracting trade working with my cousin who operates a construction business.

Something like 50% of Americans right now are a $1k expense away from financial turmoil so you can imagine how few people have $100k+ to invest.I do agree that using cash is a great strategy. 

You are actually not allowed to pay yourself unless you're structured as a corporation. 

Wyoming is the best choice for the state to do an LLC or Corporation in but you will still need to do a Foreign Entity registration in your state.