Im in need of advise and would like to get as much information as possible to help steer me in the right direction.Im 26 years old, currently unemployed, and due to the sale of a family business that i inherited a good portion of, im going to be getting a large sum of cash.

The owner would be carrying a portion of the contract price rather than the whole thing.

After splitting with his boss he made 334,000 fee for his portion.  

He will be receiving a percentage of our revenue (per deal), so how would that work if I'll be filing Sub S, if he is receiving a portion of the revenue.  

At least you would get a tax deduction on a portion of that money.The key is to not quit your day job while you are exploring.  

For instance, you find a deal yourself, but you allow her to present you and get the buyer's agent portion of the commission.

Although a large portion goes back into the marketing to generate the leads, there is still a lot of money being made. 

This means we would leave our home (legal 2 family with in-law apartment rented + rent out the portion we live in as well) and get the FHA for the cheap down and rehab financing.

And they pay a portion of that which is still cheaper than if they were responsible for their own utilities.  

A lot of times people think they are current, which they usually are sort of, but in actuality they might have part of 2014 yet to pay or they may be paid up to date but they actually will owe you the prorated  portion of 2015.