I've always used my business solely to generate an income/paycheck, however I'm ready to transition and use my experience to facilitate investment opportunities.

Company just claimed they were reducing their exposure in Fla.

Thoroughly research the industry, field, business you’re interested in to see if there’s a “niche”, unique approach, unserved customer base, or anything similar that can be exploited to earn income 3 standard deviations above the mean.

You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

Bear in mind I'd still work, say a few days a week and make enough income between rental cash flow and working to clear my annual expenses by at least $25K after taxes.

-What should investors look for to reduce risk in a multifamily real estate syndication?

That reduces the seller's equity.

I offered him seller financing so his wife could have guaranteed income without the hassle of dealing with tenants.

@Jeff RyersThere is a basic rule of thumb for income qualification but I use an additional one as well. 1.

You may be able to appeal your new assessment on the house to get it reduced for future years.