That 20K is now subject to SSI taxes of roughly 14%, and you have to do a payroll too. 

At this price and even this size, you are playing in an odd space where you will attract sophisticated (those looking more at income) and unsophisticated (those looking at comps) buyers.  

AND Did you use a sophisticated general contractor for the site work? 

They still kept me on the payroll.

idea c: Find someone I know who is willing to put me on their payroll in documents only, so I can just show a steady W2.

I spoke to many local banks, and the most sophisticated was Suzette Hill at Surety Bank in Daytona.

Income after expense will be less than 14K2) Investment / Stock Market TradingQuestionsIs Rental business and Investing considered purely a passive Income activityCan I take all Rental Income as distributions without paying myself a salaryIf I need to pay myself salary, what should be the guidelinesIf I have a Trade windfall and have capital gains of 50-100K in a year, can all be taken as distribution after taxesWhat is the probability that IRS will look at this setup and impose fines and cancel S-Corp election, if there is ZERO payroll taxesReasonMy goal is to reorganize my Rental / Investment assets into S-Corp.

You shouldn't be paying them, THEY should be paying YOU.Any sophisticated Buyer will NOT take possession of the property with a deadbeat tenant. 

If they weren’t, they had to sign off that they were either “sophisticated investors” and give educational and/or background experience to show they were competent adults, or indicate that if they had used a professional advisor.  

IRR is a tool sophisticated investors use to measure the rate at which a real estate investment grows (or, heaven forbid, shrinks).