I had the audio book on iTunes and listened to it on my drives to and from work (along with the podcasts of course) so it was a challenge to take notes.You really need the printed copy @Tony CavalliAlso "Shift" by Gary KellerSee http://www.amazon.com/Shift-Estate-Agents-Tackle-Millionaire/dp/0071605266Ch 10 Creative finance is a must read.

Gary Keller of Keller Williams wrote a book called "Shift - How Top Real Estate Agents Tackle Tough Times", and in Chapter 10 he wrote about using Creative Financing to help Sellers and Buyers.

I have been doing a lot of research and plan on tackling new deals in 2014.

Please bear with me since I'm a relatively new agent and even newer investor myself, so I'm still tackling the learning curve.

Needless to say the team is unfolding quite nicely, where I have two extra men at my sides heading into this to tackle the more complex systems and speed this up. 

There is a chance, usually higher than not with these, that the Vendee/Buyercan not afford to tackle any major upcoming property repair.  

Unless you're operating under a C-Corp, all net income will flow to your personal taxes (not just $100K), and if these are spec builds, all net income will generally be subject to some Social Security and Medicare taxes (self employment taxes).Next, let's tackle this:"Would it make sense to have the LLC file under an S-Corp in 2015 in preparation of selling 2 houses, pay myself 1/3 profit as salary, then the other 2/3s would stay in company/ and eventually be paid as dividends thus saving from self-employment tax/ Newere Obama Tax"Filing as an S-Corp won't allow you to defer salary/distributions or taxes.  

I've dedicated many of his songs to my wife when we were younglings dating.Lol.Anyways, Let's make some assumptions here before we tackle this multiple choice question you have posed.

For someone with no experience, tackling a large project like that will be difficult.  

I do all my own property management and with the help of my partner, tackle all the repairs and emergencies we can on our own.