Put yourself in your customer's shoes.

If I suspect a counterfeiter resides in my unit, I should report it.

This is (generally) my preference, but I sometimes do it the other way, and I certainly see the logic behind doing it the other way if you're trying to save labor costs (sometimes it's difficult to put flooring around cabinetry).The prevailing factor for me is that I really, really, really hate for new carpet or freshly finished hardwood to get messed up by contractors who walk through the house in their shoes.

In your shoes I would not be apposed to moving into the 3 bed side get it how you want over 2-3-as much as  6 months.

On the other hand, rental income properties can provide steady, long-term income streams with room for appreciation.In your shoes, I'd start by evaluating my goals as an investor.

If you have enough income from these deals, using an s-corp would allow you to distribute some of the profits as salary (subject to SET) and some as distributions (not subject to SET).But bottom line is fix and flipping is a business and you're taxed just like a shoe store or other business.

Would love to hear your thoughts or strategies if you were in my shoes. 

Spray a few shots to your shoes/pant legs before going in.

Upon an event of my default on the $90k note, the note & deed of trust would automatically vest in my friend, and he would step into the shoes of the lender to my borrower with the $100k obligation and property - friend is ultra secure and is basically getting 90 / 125 LTV based on not the market value, but the purchase price of borrower.

I am on a shoe string budgetI live in Beebe Arkansas 72012Orson Arthur.