LLC electing S-Corp status is usually beneficial when flipping houses, but be careful that your CPA helps you with the "reasonable compensation" aspect- as that would be the main audit risk.

It's main purpose is asset protection.

Arkansas looks promising, mainly the Little Rock area. 

The main thing is the effect on a percentage number when a vacancy occurs. 

I agree with the above mainly because your investing in a cookie cutter property at what appears to be a mature real estate cycle.  

That’s the main reason I don’t use this Calculator.If you go back to review your report you can scroll down past where it says Calculator Report; Download, Edit, Discuss, Other.  

List of items to be done - (inspection next weekend)HVACAir Conditioner addition to current forced air furnaceElectricalGarage door motor to 1 car garage door Install recessed lights in living room, and new light fixtures in bedrooms, living rooms, kitchenReplace light switches/outlets to square plastic whiteFlooringRemove carpet, tack boards one main floor and top floorInstall vinyl plank flooring throughout main floor Same baseboardPaintingPaint all wood trim whitePaint kitchen cabinets whitePaint all wallsStructuralRemove half of kitchen wallSliding door for half bath on main floorKitchenReplace kitchen counter top, and match bathroom vanities with sameReplace kitchen sinkReplace appliances with stainless steelBathrooms Replace countertops with same kitchen counter materialGeneral workInstall window blinds on all windows

Curious to know if there are any good loan options )other than hard or private) that self employed people can use with little to no taxable income.

Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income.

Since then, I've paid off a tremendous amount of debt and hoarded cash.