Most people will do better giving themselves something to fall back on, that's what diversification is meant to do. 

However best way to get him out, is ask Hawaiian yakuza to kick him out” He meant like this guy is not going to move out in that way.  

If you already have an LLC set up for your investments you can actually issue yourself a W2 as an employee if you elected as an S-corp.( Possibly as a regular LLC as well).

@Wes Blackwell rules are meant to be broken.

Should you decide later with your tax pro that an S corp makes sense- that is an election made TO an LLC- so it would apply to income earned in that LLC- but side by side there is no difference. 

Technically when i purchased this property in 2017 it was meant for me and my family to live in.

He didnt explain what refer/eligible meant?

@Kevin MitchellYour description left out many critical pieces:I assume by "we have 6 cash flowing properties" you meant - we found 6 properties that we could buy and then rent to those "prospective tenants."

I meant to say Fix and Flip and it kind of differs with a long term or snort term investment? 

@Cihan SahinI think you also want to factor in the compliance burden for your friends/family that is living abroad.Rental Income from US Properties can generate ECI / FDAP income based on election.