FHA mortgages How did you add value to the deal?

Not a CPA or tax professional.I’ve never audited every single line item of my S-Corp tax returns for over 18 years, and I’m truly curious why it really matters in one years instance, what corporate account was used to conduct business, as long as the financial information is accurate and correctly reported from said dedicated business account.This should be a separate issue from proper and legally correct business operations, ie a checking account with correct tax ID, no outside commingling of funds with self or other business entity.

Am I wrong to think that I need a mortgage calculator due to amortization schedules?

It's becoming apparent that it'll cash-flow negative, the mortgage is $2892/month and rental estimates are $2650/month.

I have been updating the house and making the mortgage payments in the seller's name (kept his mortgage). 

@Mitrah Rasti The mortgage was given to both of you from the bank.

Consider the cost of the property, mortgage payments, property taxes, insurance, maintenance, and property management fees (if applicable).

that will not be able to be pierced if done properly. 

Hello,I'm new to real estate investing and also to rentals (although I have house hacked with roommates and rotating medical students paying my mortgage for a few years).

(My mortgage does allow it)- Does transferring the property bring any capital gains into effect due to the rise in value?