What is your salary???

[Jason Rogers]

My LLC that I set up to purchase rental properties took a turn for the better when I landed two flip deals instead. One was a SFR rehab and the other was a land flip. They were both great deals and will bring large chunks of cash. After discussing with my CPA we have decided to elect S Corp status for tax purposes. In the single member LLC with passive rental income I did not have to be concerned with a salary. However, in the S Corp I have to elect a "reasonable" salary and then I can take the rest of the profits as distributions as I see fit. So my question is if you are flipping or investing some other way using an S Corp how much do you pay yourself??

Disclaimer: I know you are not a CPA (and even if you are). I am not asking for tax advice. I'm just wondering what the community pays themselves. Thank You for any feedback you can provide.

Jason Rogers