Rentals generate passive income, so an S-Corp offers no added tax benefit.

There would be a lease agreement, just no monthly rent payments.

Long story short, I have no primary home and the property the guesthouse is being built on is a LLC with 3 years remaining of 20k PPP.

My GC and I are visiting a property at 10 AM tomorrow that we are looking to potentially flip, however my concern is that there is only “street parking”, no driveway.

There are no simple instructions on how to simply skip trace someone's info.

Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.

I'm no attorney, but I don't think you have a leg to stand on regarding disclosures.

In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns. 100% We always recommend conventional first until you can no longer qualify for those. 

Me and my wife currently have a sonyma fha loan.I have no other dti except for my mortgage payment.

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing.