Leverage seems like the biggest item in favor of Real Estate.Transaction cost & ease of owning seem like biggest item in favor of Stocks.

I'll try to help by itemizing your questions and not get too far off base.

Capital and equipment.If the gross receipts and profits come from items 2 and 3, then that should not be associated with the shareholder-employees personal services and not be allocated as compensation.On the other hand, if most of the gross receipts and profits are associated with the shareholders personal services, then most of the profit distribution should be allocated as compensation.It seems to me that if you use a S-corp, pay yourself only a small salary, and are very actively involved in your flips, the IRS can step in and reclassify most of your pass-through as wages.

You really will have to buy those big ticket items over the long term.

I will just do a traditional escrow and close on day 61.

An offer contingent on financing from a traditional bank is viewed much less favorably, if not just thrown in the trash can.

Gary West, just another item to consider in your one-at-a-time approach, but markets and interest rates fluctuate, and while Feb 2014 probably won't be that different, waiting several years for each one may hurt your ultimate goal as right now we are still in a record low interest rate environment along with low home prices, but in 5 years, you may be looking at 8% rates or prices too high to justify buying to rent them out.

Even if you did have enough equity in the property to take cash out, most lenders are going to require that you own the property for 6-12 months first.However, if you meant to ask about doing a traditional refi (rate/term), then I suppose that's possible.

Some things like mattresses I ordered online, some items I got from the Habitat store and some from the local stores there.I semi-lived in the property during a lot of the renovation.

Rent is typically 900-1000 for 2 bedroomI will live in one bedroom as my primary residence and rent out the other bedroom.I will be financing 1/2 of the deal from a LOC with a 11% interest rate and the rest cash from savingsI will then refinance with a home equity loan.I am not applying for a traditional mortgage because i do not qualify.