Help - We need s-corp rental property advice
Complicated situation:
A partner and I purchased property together as individuals. We had planned on purchasing through an S-corp we set up previously but did not have the +25% down needed to secure the mortgage through the corporation. We each put down 7.5% and borrowed 5% from my partners company as a loan.
The issue is we would like to run the rents, expenses, mortgage payments, etc. through the S-corp. One reason would be for the liability protection and the other would be for easier management of the property expenses. The first question: is this a good approach? If so, do we need to quit claim the property to the corporation? How do we handle paying the mortgage from the s-corp when the mortgage tax form will come to us personally? Any help would be greatly appreciated. 
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