He usually suggests setting up a S-Corp to save on state employment tax and Obama Care.

., your spouse, parents, children, employer, etc.); You do not receive perks (e.g., free rent for one of your motor homes ) as a result of the IRA investment; andThe IRA receives a fair promissory note interest rate. 

I have a deferred compensation mutual fund with my employer that I've been adding 18% of my income to each year.

I am the non employed half.

Having clarity of purpose will help in your next steps (like what type of property to buy, etc).I detected hints of both here--listening to BP is very investor centered but extending out the living arrangements with your college friends is alluring but not a real business plan.

With an employer match, you'll end up with about $40,000.  

capital gains vs. self employment/regular income2- Would the income of the sale of the flip be looked at holistically along with the expenses of my other rental properties?

Fund this Solo 401k (through rollover) from my active employer sponsored 401k.

One low value area based on census data at the time was Hamilton county NY They only have one major employer, and more housing units in the county than family units.

It's up to you to sell the employer that you are the right fit and can learn the job.