There is no time restriction.For S-corp election, in a simplified explanation, If you want to ELECT LLC as s-corp, you have to do within 2.5 months in the year you want to be taxed as S-crop when you create LLC (But IRS gives you some exception and you can elect past 2.5 months too.

And with this new crop being trained as Account Closed is alluding to this is for sure going to happen exactly how i described it.

Shellpoint is NOT the cream of the crop servicer you got sold because of the claim or some other thing you did that your original servicer saw was negative.

I didn’t want the delay headache of that title issue cropping up ...Moral of the story: Title issues have more than one way of being resolved.

Every now and again a situation has cropped up and then I will pick up a rent.

We saw people get foreclosed on and a bunch of REOs, but with this new crop of investors that purchased at historic lows there shouldn't be the issue with REOs/Short sales that we are seeing now.

You'll have minor items crop up that require you to deal with them on short notice.

With rare exception, only the cream of the crop is being funded once you get up into that arena.

That's actually a good thing, as the ones who do get past step one are probably the cream of the crop

Partner with those whose strengths offset your own areas of weakness and vice versa.You sound like a sharp guy so Im sure that once you think thru the possibilities and upside of partnering on some flips and holding the cream of the crop, lights will go off.