And your S-corp must have funds to make monthly payments to you.

I'm not saying all PM's do this, but some do...What motivates you as a PM to go the extra mile for a property they are managing when they get a percent every month? 

This is crucial for keeping your finances organized and protecting your LLC’s liability status.Here are some questions to ask when choosing a bank:Fees and Minimum BalancesDo they charge monthly maintenance fees?

Shortly after this, I was reviewing some of our financial statements one month and noted a $2000.00 charge from the HOA management company. 

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

We should be finishing renovations on my unit in the next month and then will be moving to a live-in flip so we can get this one rented. 

But you should be raising rent $100-$200/month every year.

It was taking 8 weeks for septic permits and 4 months for surveys. 

In addition to offering "cash for keys" assure them that they can use you as a referral on their next tenant application, or offer them a short term-2 month lease.

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.