5) Remember to hold 10% of the payment for final inspection.

Most experienced people doing subto are also not going to be in these deals for very long, they will only hold them for a short time period because the risk increases the longer you hold the property.

Oklahoma City does not seem to far from you.LLC vs CorporationIt is generally advised not to hold properties that tend to appreciate(such as real estate) within a corporation.However, there are potential tax saving strategies of doing flipping or wholesaling within an S-corp to save on self-employment taxes.Below are some links of other BP members who requested for a CPA in Oklahoma CIty.

Investment Info:Single-family residence buy & hold investment in Uniontown.

long term hold, value add flip in 3-5 years?

So it still holds value, your still gonna book out webcasts. 

I believe holding a real estate license and having access to the local MLS is incredibly valuable.

With that being said, more than likely will still hold some deferral benefit. 

Repeat that process every year or two. 

I haven't seen that model but it looks like its a simple IRR calculation over the 1,3 and 5 year hold periods.