I am usually pretty forward in comparing our treatment of real property to be no where in the ballpark as folks who actually fix and flip full time or alike.

If your CPA didn't explain the logic behind his suggestion, then you may want to find an adviser who you can work with to understand not only the output, but the decisions and information that were taken into account to get to the end.Being classified as an S corporation employee has one potential big advantage: S corporation tax treatment can provide a way to take some money out of your business without paying employment taxes.

Then, I suppose, it's up to work ethic and execution.I also like the idea of negotiating seller-financed deals on rental properties with lower down payments.Any thoughts on how I can work most effectively?

They only manage other people's properties so there is no preferential treatment of "theirs over yours".

Probably not a easy task done ethically.

Hi Matt,1031 ExchangeFirst, in order to qualify for 1031 Exchange treatment you must have the intent to hold the property for rental, investment or use in a business.

So, they could potentially receive tax free treatment for up to $250/$500,000 in gain and the balance (if any) would be deferred into another rental property via the 1031 Exchange.

Thanks @Jon HoldmanAn honest and ethical answer exactly what I was looking for.

Is there a way I can legally and ethically contact the seller, hear their predicament, find a deal and still leave a good relationship between me, seller, Realtor(s), and tenant?

The second you hire him to do anything on acquisition, even if the offer is turned down or even if it is not made, he can no longer ethicly take any action to buy one of these properties, or even disclose them to another person because it would be a conflict with a client.