As you surmise, there is no way to avoid the deemed gain on transferring it out of the Federal corporate structure, into a pass through structure.There are potential ways to to transfer out the future appreciation while leaving the bulk of the 'old' appreciation in the S-Corp, but no way to get that 'old' appreciation out of the corp without triggering a gain.Last item to reiterate - this gain is at the S-level, so it’ll give rise to S/H basis (while simultaneously reducing basis via the distribution).

Items with a strong foundation for growth that you are happy to own.

You also want to avoid throwing a bunch of money at Vanity items and furniture.

Overall mostly cosmetic items.

Such as deep clean, nonexistent items charged for and inflated prices for stocking. any chance I can get my money back?

There are a ton of other small and large items as well. 

The subsequent item you reference is "self-employment income" for purposes of self employment tax under Sec. 1402. 401k has its own definitions and regulations, which are related to - but independent of - those referenced. 

(not the $470k from the past...what you expect on an annual basis going forward)The sum of those three annual items is the numerator in ROE (the "Return" portion).Divide that by your Equity which = $469 ($850 property value - $381k current debt)

I'm actually considering a refi on all my notes under my personal name, this way other big ticket items such as my personal residence, stocks, etc. that are held under my name along with my wife's can't be touched in the unfortunate event something happens rental property related and someone comes after just me.

Pretty much all that have been mentioned here between the two vehicles.a lot of the other items come into play based on your own specific financial situation.so for what you have provided that is all