I used to work in corporate/retail real estate and would order geotech reports for every new store being built.

I've got policies personally and on a corporation through the agent.  

We (me and my wife) already pay a lot of income tax due to relatively higher income bracket, since we do have full time jobs; I wanted to find out if it’s good idea to form an LLC to help with saving on taxes vs forming a corporation vs leaving it the way it is?

If it's a small local lender they may allow you to catch up payments, a large one that will be more corporate, probably won't, either may consider a short sale, but it's getting late.You don't want to do anything to encumber this property at this point, like a construction contract for repairs, too late so don't go there.Work on getting a loan, hard money or what ever to pay it off, that's your best chance.However, doesn't sound like a deal unless your rehab can force appreciation, they'd get nothing, 15K is slim buying, fixing, holding and selling again, you'd really need to add value for more. :)

I always do with my tenants and I view it as a selling point, they are dealing direct with the landlord and not with the employees of some faceless corporate landlord who could care less.You say you cannot tell whether the prospect was interested.

I am now a CPA, I work full time for a large corporation, but I also have a side job bookkeeping for a family which owns multiple properties in the Boston area.

I am now a CPA, I work full time for a large corporation, but I also have a side job bookkeeping for a family which owns multiple properties in the Boston area.

Then I realized that if I were to become CFO and reach the pinnacle of the corporate finance world, the only difference would be me spending my days in a slightly larger office, reporting to slightly different people, with a slightly larger salary.  

You can represent yourself as a sole proprietor, an officer or director of an S corp, or as the manager of an LLC.

My background is in sales, marketing and business development and hers in corporate human resources.We will likely be joining both Pittsburgh-based RE groups (ACRE and REIA) to begin networking.