@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent. 

If you can, bring a contractor or inspector when you check it out to get a clearer idea of what you’d be dealing with.It sounds like you’re doing your homework, which is key!

That alone brings you to negative cash-flow and that is even without accounting for any municipal utilities.

As a landlord, you are representing yourself to the public as a business. 

How many small banks and businesses went bankrupt and closed?

Almost any business you look at has its own gurus and scammers.

I bring to the table my full expertise in project management, construction, and deal sourcing, along with the knowledge I’ve gained working tirelessly in this industry over the past 3 years.My vision is to dedicate the next 10-15 years to real estate development, growing projects that generate significant returns while delivering exceptional results.If you’re interested in learning more, I’d love to discuss how we can collaborate.

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.

Stessa brings accounting, tenant screening, financial reporting and more into a single integrated platform built for investors, by investors.

I typically don't comment on other's businesses unless I know from personal experience.