You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

I am not going to go with a traditional bank at this time with all the hassles that come with them so hoping to find some insight on "TheLender" or any other lending group that allows 20% down as a DCSR loan on a STR, SFR in MN which happens to be a no pre payment penalty not allowed state.

Additionally, the maintenance requirements are generally overblown. 

The cashflow is always nice cause it's viewed as another source of income and who doesn't like additional money.

@Adriese Williams follow landlord tenant laws with itemized list for security deposit and invoice requesting additional amounts that are over normal wear and tear and depreciation for age.

Hi Jennifer, additionally have a contingency plan in place if the property doesn't sell within your desired timeframe.

Hey @Jason Hutcheson - This is an inflection point moment because hiring the right general contractor can either make or break your investing career.Here in Chicago, our fee ranges from 12-30% depending on the job's size ($25k-$800) and complexity (bathroom vs. adding an addition).Before you make things more complicated with incentives I would just make sure you find some that you know, like, and trust. 

I have a wealth of knowledge I can share with you and provide you with some good insights into markets to avoid and those to pursue. 

For additional context, this is 24/7, 365 day monitoring.

The Rev Share from agent attraction is an OPTION that we have to make additional passive income on top of our commissions!