You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

In a partnership it does. (2) if you distribute property from an S Corp, you will have to pay taxes even if it's to yourself. 

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

Are you self managing those properties?

Howdy,I haven't decided if we are gonna manage the property or hire a local area property manager yet.

I'm a property manager, and I also buy/sell property.

Quote from @Amol Kulkarni: Has anyone used Homeriver Group Property Management in Jax and Citrus Spring.

Hey John,I work with several different property managers, which I refer to for my clients (I'm an investor friendly agent over here).

I have two 4-unit properties in RI. 

Quote from @Eyal Goren: I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property.