The pay is minimal and it involves doing paperwork, but what a great opportunity to network for an ambitious agent or investor! 

Buying with a Land Contract/ Contract for Deed is another strategy that works well or having the seller hold a note and collect payments from you works too.These strategies have similarities with each other, but the paperwork and the way you CONTROL the deals are different. 

They keep all our paperwork from the last time (6-12 months ago), so they know our incomes, debt ratio, all that stuff.Worst case scenario - you can't get the mortgage after buying it - so the property just becomes a flip!

Wisconsin law states that if a tenant stays after lease is over, I have the right to follow all eviction laws and have started getting that paperwork ready.My question is that on the lease, I made the current tenant have a co-signer.

Look for Caeli Ridge on Youtube.However, there are onerous hoops to jump through: DTI ratio in bounds, paperwork to be uploaded, tax returns and so forth. 

A mountain of paper work, yes.

I didn’t realize how time consuming it was to getall the details and paperwork in order mainly because I enjoyedlearning the process when I went through it.

I refinanced my primary residence 1st mortgage a few months ago, but left the HELOC in place so I still have the revolving line of credit available to me and wouldn't be forced to re-apply for another HELOC (and thus deal with all the paperwork and headaches associated with that).If I were you, I would go this route.

What are some good legal resources to summarize what is legally required of the S corp in terms of w2 paperwork, etc?

I haven’t read it yet but I just bought the Matt Faircloth Raising Private Capital book and the bonus content mentions the paperwork you’ll need when using private money.