@Cooki Karriem @Matt Weaver would love to hear an update from both of you about using QB online or Xero.

I'm trading in my cookie cutter 4-year-old 300K house for a 100K older custom home with roughly the same square footage but on half an acre.Yeah, the summers are hot and there's bugs and snakes but the people are super friendly.

This way is right and all other ways are wrong.The actual answer is that taxes are not a cookie cutter scenario.  

Then when the time comes, 6 months or 3 years later, they or their heirs call you and you get an awesome deal that no one else knows about.It also gets people who are receiving your marketing to go to your website and 6 months later, through the magic of cookies, seo and retargeting, those people come back - and this some how helps you with search engine ranking - the relevant traffic to your website from the postcards you mail out.Google / Facebook Ads - my new website company offers an easy way to be a big company and put cookies on peoples computers every time they visit my site.  

It's A structure that works for many, but these scenarios are not a cookie-cutter, one-size-fits-all situation and the post I wrote outlines some of the considerations involved in choosing a structure and why one or the other structure may or may not work for an individual.So the reason why you're hearing about people not running their flipping through an S-Corp is that maybe that structure does not work for their other goals and life issues.  

Anytime there is a hand other than your own in that cookie jar expect them to get paid to have their hand there.

@Brennen CookI agree with Chris. 

@Brennen Cook I am trying to figure out what you are going to do to the house that is going to push the value up to 480,000.  

(I mention that only to point out that this was not a simple little cookie cutter house.)It was a piece of cake.

@Clayton Cook, I own both rental properties on my own, and passive real estate investments through syndication/crowdfunding.