What was your method of acquiring if I may ask @Dan Crenshaw.

Put in a lowish offer and find tenants with good credit scores, clean backgrounds, not temporary employment, good references.Other questions: - If all goes well I could refinance into a conventional loan with 20% down after the seasoning period or about a year.

Hello, I am a newly-formed single member LLC, and am planning on electing s-corp status to avoid self employment tax.

There are many methods of figuring the split......priority return before profit split, percentage, bonus, etc.  

Main employers?

My company is considering the idea for assets valued in the ballpark of $3 million.Would appreciate hearing about how you employed this strategy, and if you have any recommendations to lenders in that space.Thanks!

You are also looking for diverse employment, low housing vacancies, and healthy incomes.  

I say wholesaling, but to be frank, this was not my preferred method of entering into Real Estate.

In my previous employment I was claiming head of household.

This method makes sure that the project stays funded and that we aren't floating a loan to the customer.