This change was made at the same time that our businesses and investments were growing and doing very well.  

It is a terrible way to go.I agree with @Doug Rose, that most cases, S-corps are good for active businesses and LLCs for passive businesses or holding RE.Get with a good, local CPA fast, before you make any moves you can't take back.

It is best to pay down on the loan as fast as possible to get the property paid off.

I have to adjust the profit in order for the purchase price to change.

She is very desperate in getting rid of this property and has given me 2 weeks to take action so i need to do something FAST!! 

There may have been an agreement 2 months ago about the release, but things change and it is not my job, as the neutral 3rd party, to determine if it is still "agreed" to and the proper course of action.

But if I have someone with more experience there by my side, the picture will change a lot.

(Change wording if necessary)@Nick Religa 

And is most wholesales fixer uppers, because that changes my ROI strategy.

Tech money is changing a lot of things up there and I'm pretty positive it will also happen in SoCal.