Just an FYI:This is not the first year of real estate rental, but it just the first year incorporated as a C corp (been running a separated rental business other then this).
As for #2: A C-corp can be in some case benefit a shareholder more then a S-corp, especially when some shareholders are in higher tax brackets or the company would like to retain its earnings for investment, and also, sometimes it was not feasible to file for S corp. So please don't say never put Real Estate in a C-crop, and please focus on the question.
Thanks.
