I'm setting up my RE business entities in DC and heard that the best way to do it is with an LLC in combination with a corporation (C or S) as manager.Does anyone have experience with this in the DC area or know where'd I get the best counseling on setting up RE business in DC?

@Christian Beebe,Corporate credit without personal guarantees is a whole specialty unto itself, and not my specific expertise, though I do have a potential resource.The short version is that the entity(-ies) need to have a strong enough credit history that they can stand on their own without someone needing to back them up.Send me a colleague request and we can discuss this off-forum.

Are you thinking about buying a cowboy hat, saddlin' up to Austin's east side, to a deluxe corporate rental apartment in the sky @J.

My goal is to eventually own about 10 rental properties and manage them myself so I think an LLC would be better than a corporation.

@Charles Ma I work for HomeSuite and we don't have as much demand for 3+ bedroom properties, simply because we usually lease to corporate tenants who are looking for studios, 1 and 2 bedrooms.

Hi,I recently left the corporate world to become a full time real estate investor.

Just transfer afterwards into your corporation or a LLC.I am 60 years old and I have plenty to say.  

If that entity is of record title now, then it may be possible to either buy from successor corporate entity that acquired of even buy the Corp and use (at least briefly) as a Specisl Purpose Entity.Getting a QC from prior, foreclosed owner is the equivalent of an affirmative release of interest.

I'd bite the bullet and establish a separate mgt co, most likely as an s-corp or an LLC taxed as one.  

2) Make sure your GC is licensed (if needed by your state) and insured -- if he/she is hiring subs make sure you understand who's responsible for ensuring the subs are licensed/insured as well.3) Think about if you enter into a contract with a GC if you are going to own this business together or both as separate entities forming a 3rd new entity...definitely worth thinking about the corporate structure here to protect yourself.