Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

Payroll, bookkeeping, etc can mostly be done remotely.Here is a great list of questions to ask a potential accountant:http://www.biggerpockets.com/forums/51/topics/70447-questions-to-ask-a-cpaAlso check out the www.NAEA.org page in your search.

Is there a way the employer and employee could form an LLC together and have the employer put said bonus together and match it to purchase Real Estate as 50/50 Partners to save on Payroll/Income taxes?

This is so sophisticated.

Anybody have a strategies for payroll, tax strategies for rental properties, capital gains on flips, tax strategies for BRRRR's or just anything in general that you are doing?

You can see how sophisticated and complicated these are and yet this forum will get buried over time while the most popular forum discussions are things with the normal, simpler calculations such as CoCR.This is exactly why I stopped going to Network Meetings.

Why do we not here of these pitfalls when all are recommended to go over-sophisticate the ownership of residential property.  

It makes the syndicator look sophisticated and caring.

It can be a mess.Currently, I use a very sophisticated system I like to call "label-on-a-hook

The penalties added up to, basically, a loan at around 3 or 4%, as I recall, as far as paying penalties.Then, the IRS will tell your payroll person that you are not allowed to change your W4 again until you have paid them back.This doesn't show up on any credit report.