It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.https://finance.yahoo.com/personal-finance/best-high-yield-s...

Look for a wet or low spot or look for a high spot.  

If you decide to move forward with them I highly suggest you alert them to the fact that you will be recording all phone conversations, and do just that.

(might be besides the point)The distribution from the first S-Corporation would be a deemed sale for tax purposes.

A high-quality company will be on top of their KPI's and their numbers will match.

The high bidder by definition may be overpaying for the property.

Once the property is renovated and sells, do the proceeds come back into the new LLC and then are distributed from there to each couple's existing LLC?

Would highly appreciate it!

(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL.

I highly recommend starting by tuning in to the BiggerPockets podcast.