The idea is that you can do the flips inside the s-corp (or LLC taxed as an s-corp) and pay out part of the profit to you as distributions. 

And then three, I wanted to always be free to join someone for lunch or go to the gym when I wanted or take vacation without asking 'permission'.Before I started my company, I was working a 9-5 (or more) corporate job.

Consider that conventional financing (1-4 units) cannot be funded in a LLC, Corp, or LP, or other entity however you can move your property into the entity if youd like post closing (check with the loan servicer).

I Graduated college and had no intention of entering the corporate world.

Conforming Fannie/Freddie notes are residential only, which means that the owner of record has to be a person - a corporate entity simply does not qualify by design.2.

It would involve marketing and dealing in property you don't own... that's why the EH reference.See also http://www.biggerpockets.com/forums/92/topics/67605-econohomescom and http://www.biggerpockets.com/topics/64615-corporate-owned-wholesale-reos-not-on-mls?

Here's the podcast:http://www.biggerpockets.com/renewsblog/2014/04/10...Also, you can learn a lot by following my weekly business update where I share with BP Nation what's going on with my real estate business.

We have no corporate structures set up yet. 

To avoid, or at least be able to sue a scum buyer who goes around your offer after he/she learns of it, use a document common in corporate transactions.

Hello BP Nation,We need your advise.