The reasoning presented is to take advantage of the deductions as a business as they would exceed any tax savings as individuals... again not sure?

It sounds like you want to also have the proceeds of the deal available to you also which is another reason to not go the self directed Ira route. 

It's just tough because due to various reasons the property has been vacant almost a year.

For 2 reasons, one the market is more inexpensive.

I had to redo my class codes for this reason. 

I keep receiving notifications in my email that another member wa ya to connectI follow the link, accept and then nothingWhat do they want, why do they want to connect and then don't contact or do I need to pay for a ...

If i removed property management from the calculations then I would be cash flowing at $4173 per year which seems more like more reasonable cash flow.  

LLC is best for rental propertyThe primary reason real estate investors use an s-corp is to avoid some self employment tax from activities like flipping.

There's a narrow band in the middle with good rates that you typically see advertised, then a "high balance" range where they aren't so good, then a "jumbo" range where they get better again (sometimes we find ways to shove "high balance" loans into "jumbo" for that reason).

For those of you who are landlords, do you inspect your properties while tenanted and if so how often and what do you give as a reason?