While an S-corp may offer tax savings, its possible that those savings would be eaten up by the the admin costs.So many variables here that it really pays to consult with a tax pro.

@Tayvion Payton   -  my guess is that you are still too far off the price, at least in the interim but it is always good to put in an offer, because they may come back to you down the road. 

For example, if I were to invest in Columbus, Ohio, could anyone share their insights on which neighborhoods or parts of the city offer good returns?

Very creative, but solid.This also may offer the potential for you to keep your other home and rent it out as an asset, but that's between you and the investor who buys your aunts home to subsequently rent it back to you. 

I may specialize in VA loans, but I also offer a range a conventional, FHA, USDA and commercial lending options. 

We offered asking price to begin with to actually get our hand on the deal.

Our primary property management partner oversees more than 200 of our clients' properties and offers MTR management at competitive rates (I do not receive any referrals btw).

Finding a lender that offers a HELOC on an investment property can be a bit challenging, but it's definitely possible.

The friend who shared this deal with us offered to provide the loan.

I waited a few days and raised my offer to $255,000 and they accepted.