I just purchased a 12 unit bldg which has three corporate units.

An example, some small c-stores need 250K to acquire another store, it's rural, a small deal, past the lending area for many, a real pain to make and not worth the brain damage for a bank....now steps in the HML, get's the place under the corporate system, up and running, then refi it conventionally in 3 years.Capital requirements may not meet the banks idea of cash reserves, but if I can see from inventory turn over, file a UCC lien on inventory purchased, have access to the books and deposits, I can be assured the deal is solid enough.

With all due respect, if corporate America has demonstrated anything over the past five years, it's that it's as American as apple pie to avoid the consequences of taking risk.

However, one item that is universal to most condos, and many SFR developments, are Home Owner Associations (HOA's), which are basically private corporations formed for the purpose of governing the community.

Another example of the lack of regulatory oversight by banking regulators.It's also an example of the cultural attitudes favoring profits over social responsiblity, over the integrity of our financial systems and what illegal activities seem to be an acceptable risk for profit.For those who would like to see government(s) get out of business and stop regulating or enforcing rules, here is a good example why people and corporations can not be trusted to regulate themselves.....people cheat if they can!

If a corporation has a lien recorded against a property, is the lien considered an asset for the corporation?

Here is another way to get 15% or more off - go to the bid desk and with your large amount purchases, have them request a bid from corporate.

You might want to read what Clint Coons though has to say about when and why to use a C-corporation even for rental activity.

I'm not a lawyer but here's what I would suggest:1) decide if you are going to act as the registered agent, or pay someone to do this (you may have already done this during setup2) Set up a new Quicken, etc. account dedicated to the LLC3) buy a corporate kit or at least by a binder so that you can keep LLC docs organized.

It's not uncommon for the corporate status of the declarant to be forfeited as it is essentially a single purpose entity.