What disappointed me is that PM did not look into the legal possibility of getting a Writ of Possession signed and indicated to me that it may be July or September or even indefinitely before the Court could act on our case.   

If your part time jobs and old income are sufficient to get the home that's one thing but if your new income is the only way you qualify they will be looking for some proof that you are there indefinitely and it's not a temporary position . 

There is no such thing as double taxation with an S-Corp...an S-Corp is purely pass-through and the entity is not taxed under any situation.You are probably thinking of a C-Corp, which pays corporate tax on any profits and then can leave income in the company indefinitely (or distributed as a qualified capital gain to shareholders, which is the second tax).Btw, I flip out of C-Corp these days...there are good and bad in every entity structure...talk to a good tax professional/attorney to help you decide...

However, it would be a mistake to assume that this performance will continue indefinitely and using a lower expense ratio for analysis will lead to overpaying for deals in the long run.   

The last 5 years was a ridiculous RE bull market that people think will continue indefinitely into the future, RE will begin to go from market outperform to standard performance.

The IL eviction moratorium keeps getting pushed back to the point where it might be indefinite.

. :)  I know from living through a full cycle in real estate, that rents do not go up indefinitely in every area. 

@Kevin Sobilo and @James Mc Ree : That is what I would have thought, but was getting indefinite answers from others, and so wanted to ask. 

But it’s a risk I’m willing to take vs parking my savings under a mattress or savings account earning only 4 or 5% while inflation stays high indefinitely. 

@Jerome Ramirez Guerrero, Yes, in a 1031 exchange all tax on gain and depreciation recapture is indefinitely deferred.