When a great deal pops up you’ll recognize the value and act because you were trained and knew in your mind what a 50-100-200k house should look like

Investigate how they are recognized in your state.

Also note that if you were to purchase the property from them, your purchase price would become YOUR basis in the property and if you're paying below market prices, then you have a built in gain as well that would be recognized when you sell it if you sell for more than what you paid for it.I have the names of CPAs/attorneys if you need, though they're mostly in San Diego and Southern California.

A "conventional, conforming" loan (from Fannie Mae or Freddie Mac, if you recognize those names) have no prepayment penalty. 

Bottom line is that any consideration you receive for the property you sell represents gain and you'll recognize tax on the profit. 

In order to be recognized as a rental activity with operational losses, you will need to rent it to your S-corporation as the fair market value.

Update for anyone that read my posting: As of April this year, Wisconsin does recognize emotional support animals that are protected against discrimination and cannot be denied from a premises, as long as the tenant is able to provide documentation from a health professional that the animal is needed in support of a disability. http://www.tenantresourcecenter.org/pets_and_service_animals

Not just for doing to the work myself but recognizing what will work and what won't in certain layouts or situations.

I recognize that $100 per property is not enough to get out of the rat race any time soon, however, our investment strategy is not necessarily the monthly cash flow.  

Congrats to your for recognizing this.Per your above statement,  Both charts depict good ROI for purchases post 2012 but chart B also depicts a good return for virtually every year prior to 2006 (data not reflected on chart A).