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.

Lots of general info out there, but I do not understand how it practically works or what paperwork is involved.

I acquired my first Section 8 rentals through a purchase and just completed the paperwork that you're talking about. 

As mentioned above, forming an LLC with incur an annual $800 fee and create a lot more paperwork come tax time.Instead, you two should take ownership as tenants-in-common (TIC).

Seems like the paperwork is easy to fill out according to the county website.  

Just lacking the proper paperwork and we're going to work on that as we go.

What extra forms/paperwork is necessary to complete the deal?