Posted by Bud Branstetter on December 16, 2000 at 11:16:26:
With the income property or mortgage in an LLC the income flows to you personally similar to a S corp. You have the added liability/tort protection in the LLC.
By using the C corp you have more flexibility in write offs-medical reimbursement, pension plans etc. With flips you will pay double tax on those funds dispersed by salary. The money dispersed by dividends is not subject to medicare tax. After all the writeoffs and making the money you need to live on why not do the other deals in a Roth IRA. No tax.