With an S-corp you are required by the IRS to put yourself on payroll, pay reasonable compensation wage, and provide yourself a W-2 along with all other necessary payroll filings. 

You need to keep track 100% and not give the owner any grief about a PM contract in place that prohibits a different agent from selling the property while you have the PM agreement.I also want to see that you offer compensation to tenant representation in case I have tenants for your properties. 

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs.Florida: The property must generate $2,343 ($5,847 - $3,504) more cash annually to compensate for the higher operating costs.Overhead costs can greatly affect cash flow.

The potential risk of foundation movement and settling in the neighboring unit is high and they will be looking for compensation for any issues your underpinning job causes.

He would surely compensate me out of his pocket.

As such Schedule E does not even provide a line for wages/compensation (employees), the implication is a passive activity cannot have employees.

Rents have to go up more than inflation to compensate for years were inflation may exceed maximum rent increase.   

I offered to compensate potential seller if the deal goes through.

Is there any legal way to compensate someone without their real estate license for sending you a real estate deal (wholesale, flip, etc.)?