You are buying less than what you sold so the IRS views that as taking profit (boot). 

I have hired a CPA firm, but was told the remaining questions I have are for Payroll processors or HR experts and not CPAs.My wife is the sole-owner of the S-Corp, but will also be the sole employee (as she has to pay herself a reasonable salary prior to K-1 profit distribution). 

End of the day though, it only takes 1 person out of the 4000 you mail to actually open it and the profit you make from that more than makes up for that batch of mailing.Since you're smart and running a long campaign, even if one batch gets a lower response rate you're still cultivating the seeds you planted many batches ago.

Ruel, you may be able to find a contractor that will walk the property and give you an estimate, but it may be tough, sounds like the Realtor gave you some idea of the rehab cost and depending on how much you trust him, sounds like he may have told you a number that may get you the house. so 205K plus say 65K for rehab puts you at 270K. you have about 10K in purchase closing costs about 22K in closing at sell, if your intention is to flip the property ( if sold for 320K) so now you are in for 302K plus holding costs, maybe another 10K, so 312K. you could make 8K in profit, if you sell at 320K. i am guessing this is a foreclosure being that you said that not having a home inspection would make a difference with the bank in selling it, because most lending banks would want a home inspection. you can have an inspection for your own piece of mind but still waive the inspection.

I'm analyzing these deals to get feedback on the analyses but if someone is interested, please PM me.2-unit Property in Queens, NYEach unit is a 2br/1baAnticipated gross rents: $3.6k/moOperating expenses (per month):- Vacancy: $180- Repairs/Maintenance: $36- Taxes: $300- Insurance: $150- Property Management: $180 (did this at 5% of gross rents because I can manage the property myself but I’d like to set aside a portion in case it makes sense to transition to management).

Does the 50% rule apply in DFW markets (Save half for repairs/expenses, pay the bank from the other half, remaining cash is actual profit)?

For this agents would have to input the data into Zillow and share with the same beast that sells their own information back to them, at a profit.

I guess I wasn't clear if you are the Buyer or Seller of the Lease to own example.Sellers profit by taking a down payment from people who don't traditionally qualify for a home loan.

We have a mid-term plan in place to transition to real estate/freelance type income fully within 6-10 years.  

MUCH profit to you.