A year end audit my result in a premium increase if you are hiring uninsured workers. 

If not and you are audited you will be denied.

Look at volume not charges.Sixth: Will you have time to be there to audit the actual cash withdrawls from the machines over 2-3 weeks.

You as the landlord do not have to agree to that and can request audited financials showing sales levels.

If you have a separate business checking account you can staple all your receipts to the monthly statement and file it in a container in your garage (it's not very 'green' but it works and keeps everything in order should you ever get audited).This doesn't have to be complicated, but for some reason a lot of people seem to insist on it. 

Now, if you held the property as rental property instead you would qualify, but you would need to be able to demonstrate your intent to hold should you ever get audited. 

yes, but pray you never have an audit. 

The reconciliation should be very accurate as the lease should also allow for the tenant the right to audit landlord's records including seeing copies of actual invoices paid.  

DanThis house is only 20 days from shedulled auction date and property is in CA and I don't do it there.I know to file for bancruptcy can stop it and postpone the sale as well.Then file a case witha lawyer for forensic audit is another option what I know but I always looking for a new possible options.I started with short sales, but I get (for now) only houses in pre foreclosure where usually only NOD/LP was recorded.As soon as auction date is set and is so close to that day you need more challenging options to use and I looking for some new ones to use.Thank you, Dan

Being an S-corp also increases the chance of an IRS audit (something your accountant should have told you) because of the additional tax savings it offers.