My only other debt is 250/month for health bills with 2.5 years remaining, retirement accounts (pre-tax 401k, after-tax 401k, back door Roth IRA) as well as start increasing contributions to taxable brokerage accounts (goal in medium-term is to significantly increase this).

My only other debt is 250/month for health bills with 2.5 years remaining, retirement accounts (pre-tax 401k, after-tax 401k, back door Roth IRA) as well as start increasing contributions to taxable brokerage accounts (goal in medium-term is to significantly increase this).

Further, would taxable gains be reported on my 1040 and not on a form 1041?

With that in mind here's why;Moving real property out of a S/C- Corp is taxable when it comes to capital gains and a personal suit of judgment against you or one of your shareholders can filter through to the corporation.

Purchase additional cash flowing real estate that will have positive taxable income.

This is not taxable.

Then you’d take $7,563 in depreciation showing a taxable loss of $3500.It only gets better each following year. 

so you might only see 35% of the sellable value listed as the assessed value…Tax Districts/Tax RatesNRS 361.4723 provides a partial abatement of taxes.To calculate the tax on a new home that does not qualify for the tax abatement, let's assume you have a house with a taxable value of $200,000 located in the City of Las Vegas with a tax rate of $3.50 per hundred dollars of assessed value.

Did you check your county tax records to see if they break their taxable value down by land vs improvements?

In short, we are trying to avoid racking up a disproportional amount of expenses in our operations entity and leaving all of the taxable income in our long term entity with no expenses to put against.