Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

Having said that I do use a CPA to help make sure I am doing everything correct and they prepare my taxes. 

In the next 100 days, I do think we take a little breather, or as the finance folks like to say, a correction.

If my assumptions are correct - documented 4point issues  (electrical, HVAC, roofing, plumbing)  will need to be remediated in order to close. 

It wouldn’t take much time with “steady” home prices for the graph to self correct. 4) I assume at least some of this is choice.

The OP could use it as a template and change it to 30 days and reference the correct county law, or no county at all.

@Brendan M Hornung If you purchased a subject-to (sub-to) rental property, filing taxes correctly is key to maximizing deductions and staying compliant.

My report was correct. 

HOWEVER; if you aren't going to use your full last name, then it's important to upload a pic to your profile (which you have) The reason being, when someone has a common name, with an initial and you are trying to @mention them, if you have a list of 5 David R's with the stock icon, it's impossible to know which is the correct one.