It's interesting to see how these people (the majority of which are experts in their fields, and are looked up to) view money. 

The presentable model along with a team of experts (like a broker) also makes your business more financially appealing to investors.

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). 

Did you have prior knowledge that the leach line encroached onto his property?

The best thing would be to get a knowledgeable lender that isn't just a sales guy looking to close a deal. 

I've learned a lot about setting criteria before investing in a property and I can't thank Bigger Pockets enough for that knowledge.

It might be worth a quick check with an attorney to understand your liability and your obligations.I don't pretend to know anything about it, but having stolen goods installed, especially if you have personal knowledge of the circumstances can't be a good thing to be involved with.

But less money you have, more time you have to put which then builds knowledge.

I am not the expert that others are but my thoughts- young sponsor never been through a downturn.   

If you had a contract to overpay and receive cash after closing (outside of bank/lenders knowledge) you get into fraud concerns.Considering the sellers are friends, would they consider a land contract?