$275,000 in earned income - $275,000 in depreciation = $0 in taxable income?

You can work as a part-time agent while earning the full-time W2 income.

:Excellent share, Danette.People often assume (or claim) short-term rentals earn a lot more than long-term rentals.

The Landlord feels they've saved some money and we get to start a relationship that may eventually result in them hiring us for full-time management.As pointed out by @Drew Sygit, there is an opportunity for the PM to cut corners just to earn a quick buck.

Keep expenses down (low vacancy, quality tenants) and costs down and earn 2-3 hundred per month.  

We do not sell for just anyone, we understand that people are investing their hard earned money and we do not play games when it comes to peoples money.

Thanks everyone for the advice.Say we have £40k in savings, we earn tax free in the middle east and save over £2k a month.if im looking at properties that are around the £80-100k price range, should i look at just sticking to a 20% deposit?

Obviously, in the process learn how I can maximize earning potential for not only flips but wholesales, long term rental properties, owner financed properties, ecc.

They are happy to earn a fee making you a new loan. 

. -- 100% of it flows through to Line 17 of your 1040 as income as soon as your S-Corp earns it.The decision on how much to pay yourself only serves to determine how much of the income you pay self-employment taxes on and how much is a distribution not subject to self-employment taxes.