One bit of advice I heard somewhere is when you're dealing with tenants, act as if you are an employee of the owners of the building or a management company. That way the tenant won't get in your face when something goes wrong. And they won't be calling you at 2:00am to fix the toilet! Sounds pretty good to me.

The way I learned it is unless you are huge with a lot of employees and huge income, a C-Corp is not really workable because you'll have to pay double taxes - corp tax and individual income tax. You're best bet is an S-Corp as a holding company for your long term investmenst and then put your LLCs in it. Your LLCs are for ...