I need a business structure to reduce the SE tax and S-Corp income tax.Can I invest capital in a development LLC as PASSIVE partner together with all other passive partners, then have my LLC S-corp as manager - I'm the manager of the LLC S-Corp.

There are several wholesalers in SE Michigan--a few of them are quite good.

And not subject to SE taxes?

Mitchell Bernier  The reason that a farmer rents his land to his farming LLC is that he pays SE taxes on his farming income, but rental income is not subject to rental income. 

It took about 5 sit-downs of 4-5 hrs.I had to pay a significant SE tax, so my wife convinced me to use her CPA.

For more reading and sources:https://www.redfin.com/city/49...https://www.realtor.com/reales...https://worldpopulationreview....https://www.census.gov/quickfa...https://censusreporter.org/pro...https://datausa.io/profile/geo...https://datausa.io/profile/uni...https://www.durhamnc.gov/719/C...https://www.durhamnc.gov/Archi...https://www.neighborhoodscout....https://livingcost.org/cost/un...https://www.bizjournals.com/tr...https://www.durhamnc.gov/3748/...https://fred.stlouisfed.org/se...

For more reading and sources:https://rockymountnc.gov/https://www.rockymounttelegram...https://www.rockymounttelegram...https://www.neusenews.com/inde...https://www.redfin.com/city/14...https://www.realtor.com/reales...https://www.census.gov/quickfa...https://censusreporter.org/pro...https://worldpopulationreview....https://datausa.io/profile/geo...https://datausa.io/profile/uni...https://www.neighborhoodscout....https://livingcost.org/cost/un...https://fred.stlouisfed.org/se...https://www.forbes.com/places/...https://www.commerce.nc.gov/ne...

I'm in se houston and always on the lookout for new homes to acquire.

We are going to continue targeting multifamily in the SE Michigan area and are excited to continue strengthening the partnerships we have in place.

So I would say, no, I would insist, that though your buyer may have had issues getting the predicted ARV, it is not because we were wrong per se, but because of one, or some, of the many other issues, totally in your buyers control, not in ours, that arise throughout the life of any project.