The decision to fix and sell or rent out your current primary residence is a comfort level choice.  

Most great brokers that will provide top level leadership and a stream of business wont take on part time agents.

It's also illegal to sell goods below cost in an attempt to create a monopoly (drive the competition out of business and then raise prices to high levels).

Purchase price: $152,000 Cash invested: $12,000 Huge fixer upper with lots of budgeting involved in the rehab.

My Midwest, engineers brain can’t handle that level of leverage.

Do you have experience with fixer upper?

I live in Bay Area and there is no market for rentals here at least on my level.

They have legislation preventing using multi-family properties as short-term vacation rentals and they have other regulations about parking, noise levels, etc.

I have the ability to apply for the same level Line of credit on my business but am going to do that yet. 

There are significant tax differences between the taxation of a pass-through entity and a C-Corp/S-Corp.Accountants would need all the detail(nature of business activities, goals, exit opportunities, income levels, expected income levels, etc) before they can make a well informed decision on your entity structure.Working as an independent contractor does have it's downsides of which you are paid the full-lump sum for your work.