Review deals and submit offers. 5.

You might want to hire a cpa and have them file for an extension and submit a good guess of what you will owe with the extension so you don’t owe interest/penalties. 

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

Why didn't you write the PSA using gift funds or, submit a letter of explanation for why?  

After going back and forth with different people about what our best option was (submitting an invoice to be paid at closing, signing an option with seller and recording it, etc) we decided that the best and only sure way this deal could happen was if we recorded an "Affidavit and Notice of Interest in Real Property" (which states we have a contract on the property) and put the buyer and seller in contract directly.  

Hello, we are in the process of pherchasing our first property( Hopely) Seller is a bit motivated to sell and we want to do short term rental. when you submitting offer how do you guys calculate?

They are welcome to submit another form of payment if they don't like it.who doesn't like paying with a credit card and getting all of those points. 

If you buy OOS I highly recommend having an unbiased party (not your agent or anyone trying to sell you something) maybe an experienced investor doing a very detailed video tour of the house and paying them something like $100 or so before you submit an offer - I wish I had done this.

It then submits the information to the DOR. 

You just need to be efficient with your time and build a system so you are submitting enough offers to get through all the rejections and eventually someone will take your offer.