You don't get to keep that income tax free...If you have to lie and cheat to get the property to work for you, I would just pass on it...you're starting off on a bad foot and will just lose the money you save later...And like @Jonathan Greene said - how did they get a COO without a permit?

This could free up more cash flow to reinvest in your deals.But here’s where it gets interesting: making the transition to an S-Corp can require a more organized financial structure, which includes separating your accounts, keeping clean records, and being prepared to pay yourself a reasonable salary as the business owner.

I have an underwriting sheet / video I provide as a resource to folks that goes through assumptions in the ATL - if you shoot me a DM I can get it over to you.

My strategy has been to grow aggressively (by using as little of my own money as possible) to secure good assets, and once stabilized, then work to pay down loans to own them free and clear sooner rather than later. 

Feel free to roast, criticize or give any advice you have I can take it.

Feel free to reach out to me if you would like to discuss

Gives you the highest chance of winning the offer with the seller and avoid all cash.If you have any specific questions feel free to reach out or email me I enjoy helping and talking REI.Thank you for this!!!

Feel free to reach out anytime!  

After that, I sell the relinquish property at $450K, free and clear.

I think Rob provides great value in his videos and was wondering if anyone has joined any of his courses before.