This would be much easier come tax time to do a quick P&L for your CPA from the overview of one account as it directly pertained to the properties alone.

@Taylor L. also does the Multifamily and Commercial Real Estate Investors meetup (on meetup.com) which I hope to attend soon.

:) @Daniel L. 

My team and I are located in San Antonio, but we own investments in other markets & serve investors there as well.

They have served us well and always been easy to work with.

I've made mistakes, but overall this has served me well.     

If you lose the eviction lawsuit because you made a mistake in preparing or serving a three-day notice, you may even end up paying the tenant’s court costs and attorney fees (in addition to your own), and you will need to start all over again with a correct three-day notice.If you rent to roommates and no rent is paid.

Hey @Jamaine L. 

@Nelcol L Philip start over with a new contractor.

. -- 100% of it flows through to Line 17 of your 1040 as income as soon as your S-Corp earns it.The decision on how much to pay yourself only serves to determine how much of the income you pay self-employment taxes on and how much is a distribution not subject to self-employment taxes.