I gave the agents money for materials upfront and supplemented that when we decided spend more on flooring.

I wonder if it could be worth it for when I am away on vacation or as a supplemental property manager.

Any cash that you want to take out is taken as a Dividend, which is then taxed again at the individual level after it has already been taxed at the corporate level.Finally, any sales gains are taxed at regular corporate income rate, not at the much more favorable capital gains rates for individuals.In a subchapter S Corporation, you can preserve the nature of the transactions similarly to in an LLC and keep deductible passive losses and capital gains, however with an S-Corporation, you have an added layer of needing to pay a shareholder a reasonable salary, so you're adding in payroll tax expenses and a layer of complexity.Additionally, I'm not so sure about your statement of a buyer guaranteeing a loan for the corporation but not having it show up on their credit.  

I think you were missing the sarcasm, though I'm sure it was good natured.

SF does not have a co ins. penalty (i.e. many companies penalize if you insure for 60% or less of rebuild cost, or something of that nature.

Traditional IRAs refer to the structure not the custodial nature.

If you need to supplement your living expenses by doing so, then it might make sense.

Just the nature of the business.

Because of the nature of these programs, some cities have 15 year forgiveness clauses. 

If they are well behaved and not aggressive in nature I'm good.