A lot of military families live in Georgetown to take advantage of the schools, culture, shopping, and home appreciation.

Another advantage of commercial lending is there is not an impact on your personal credit.  

Some admit they 'worked off the books' to avoid child support, others just had no clue how to take advantage of the many tax deferral plans or appreciate the advantage of Social security later in life as most have nothing saved. 

If I consider it this way then we are losing money.Should I change our tax status to just LLC without S-corp because it makes it more complicated and not economically advantageous?

You'll have the advantage of a professional property management team. 

Not many people  understand how to take advantage of this benefit.

The advantage is that the price of a rent stabilized building is somewhere in between what it is work now and what it is worth if you can replace the existing tenants with ones that pay more.If you are successful in doing that you can run a successful business.

The only way to get on those favored clients lists is to talk with the brokers, get to know them, become friends with them.The added advantage is that, the better you get to know them, the more likely they are to believe you can close.  

Connecting with the sellers directly is advantageous.

Take advantage of all of the training offered by your local MLS and local board as well...I see many trying to wing it and the clients lose.