yes. Since you are the owner of the property
and your corporation is its own entity, you the individual
can receive rent payments from the corporation. You can charge the corporation any "reasonable" amount for rent. It does not have to be the amount of the payment of the promissory note.The payments of the promissory note would not be a deduction
for the corporation, however rent payments would be. Since you are the owner, by deed, the corporation can rent from you. This means that any payments paid by the corporation to you would be considered income, and reported on a schedule E on your tax
return. On your tax return, you then capitalize the entire purchase of the firm (which would depreciate over a number of years) . You can expense any interest paid on the promissory note, and any other expenses you incur associated with the "rental" It would be the equivalent of having a second home which has a mortgage and renting it out to someone. You report the rent received as income, but can write off any expenses associate with the rental. And, profits, if any, shown on a schedule E are not subject to self employment tax, only Federal income
tax. I have several clients with corporations who personally buy equipment, tools, office furniture etc, and they "lease" these items to the corporation. The corporation writes off the lease payment as an expense, and the person reports amounts received on the Schedule E, writes off any expenses, and pays only FIT on any remaining profit.