@Ben HudmanYou see various answers because one answer does not fit all - just like the raincoat on your avatar.If you do not have other income like W2 jobs, if you're certain to make substantial profit after all business expenses, if you do not mind the extra hassles of running a separate company and a separate payroll - then yes, you will likely benefit from an S-corp that pays yourself a modest W2. 

Just paying someone under a 1099 and having a written agreement do not guarantee that you will not get hit with payroll taxes, a workers comp claim, or a labor law violation. 

A more sophisticated approach that you might want to use in the future is to set up an LLC in the state where the property is located but have the LLC owned by a parent company located offshore.

Also for the gap lender to make 125 a month on a second position 100% finance quite frankly is pretty risky and I suspect most that do this are newer not sophisticated investors.. 

The less sophisticated comments tend to focus on either return maximization or risk aversion, only.

Then, if the property seems to be making sense, you can move on to the more sophisticated analysis tools.  

When they started, the patriarch of this family did everything, as they grew they had to take on employees to help manage, CPA, legal, administration, accounting, payroll, for maintenance & repairs, landscaping... 

There is no lease agreement and the paperwork I completed when put onto the university payroll did not cover anything related to housing.

While Zylstra said the plan is common in the tech industry, where constant acceleration and sophistication means investing in employees is key, it can only benefit Arizonans.

A strategy I was considering was mass printing a letters and putting them in mailboxes of said properties, however, I’m sure there is a more sophisticated, way to handle this situation.