@Kris Zabish , Looks like you already have an S-corp that is helping you avoid SE taxes on your net Income. 

I know SE Florida is seasonal anywaysBeing that your Broker contact is new at it, I think partnering locally with a PM is a great idea, I just don't know of any in Long Beach. 

I think the owner may be out of the deal per se but correct me if I'm wrong @Shaun J. are @Najee Hoggard best options to try and wholesale with the bank if nothing can be done for the owner? 

Its generally not smart to take passive rental income and turn it into salaried SE income but may make sense for specific purposes like funding a solo 401 or IRA.Mine has a very generic sounding name so it wears many hats. 

@Andrew ReidIt doesn't have to be TURNKEY per se.

Also, if there are any RE groups in the SE Wisconsin area, let me know.

At that point you've structured the transaction so she avoids SE tax. 

I would suggest looking towards Antioch, LaVergne area SE of Nashville down I24. 

No, you will not be subject to SE tax on the income.

Although this was not "a friend", per se, it ended up kind of being a friendship, which I am certain contributed to the difficulty in making the change.