Commissions are purely fee based.Secondly, our profit is NOT paid by the seller directly since they are underwater.

Don't get me wrong, having a daughter has been an overwhelming joy and I felt blessed my wife wasn't stereotypically suggesting for me to sell my beloved Mustang Cobra!

There is no such thing as double taxation with an S-Corp...an S-Corp is purely pass-through and the entity is not taxed under any situation.You are probably thinking of a C-Corp, which pays corporate tax on any profits and then can leave income in the company indefinitely (or distributed as a qualified capital gain to shareholders, which is the second tax).Btw, I flip out of C-Corp these days...there are good and bad in every entity structure...talk to a good tax professional/attorney to help you decide...

This needs to be a business decision pure and simple.

If so, how would you defend it - I've found those places are pure development/appreciation plays, and cover their expenses at best.  

This is purely hypothetical, but I want to look forward to make sure I'm structuring everything correctly.  

@Tajinder KandolaFrom a purely definition perspective a net worth over $1MM is assets minus liabilities.

To be perfectly frank, I believe one's opinion on this matter purely depends on the self interests of that person.

I say this because they're already raising it in my cases, not out of just pure speculation.A 5-day notice to pay the lease or terminate is absolutely threatening suit. 

Real estate is generally a unrewarding and unrelenting slog through hell for the first few years, and no one gets through those years without a clear reason to make money that doesn't solely involve making more of it for the joy of spending it on frivolities.