I'm sorry to have deviated from your question, but I wanted to give you some friendly advice for your situation. I stand by both points, and I REALLY think it would be in your best interest to go to a tax professional.
I should clarify that the 'rule of thumb' is to not put Real Estate into ANY corporation (partnerships are commonly used instead). However, in my opinion, a C-corporation is much worse. Yes, in some cases a Business is better off with a C-corporation than a S-corporation, but holding Real Estate (property that appreciates) is a entirely different situation.
Again, I am sorry to have deviated from your question, so I hope you don't take any offense at my recommendations.
