Bottom line is that the type of work you're describing is not $75/hr work.

thanks for the quick replay @Brian Gibbonsi want to do the second part you described and am interested in what you're talking about. 

@James Wise Fantastic does not even begin to describe it. 

I tend to think that's a phenomena that you will see more often in 2015.  2015 is being described as the "Year of The Social Comment".  

Also distributions are usually based around P&L and since what you are describing is payment for services (regardless of income/loss), if the IRS ever audited you they would almost certainly re-classify them as guaranteed payments and then back taxes and penalties come into play.You also have the option of setting yourself up to do a real payroll, draw a salary, have the company withhold taxes, etc, but that's a headache in the business that I know I wouldn't want until absolutely necessary.

@Daniel Mawyin,I inherited just such a tenant...I purchased a rental property last year that had a tenant in place who the previous landlord described as a very good, quiet tenant.  

Ask them what type of investing they do, how they got started, how their investing strategy has changed over time, ask them to describe what a good deal would be to them, and ask how you could possibly help them or another investor out in your spare time--to learn the ropes.You will find after a number of these conversations that your own ideas and goals will come into greater focus.Oh, and save, save, save!

The notice given to the owner must adequately describe the property, the amount of tax owed, and for what years it is due.MannerState statutes regulate the manner in which tax sales may be conducted.

I don't know enough of the terminology to describe it better.

You would be arrested for those actions you described just as easily as I would be if I randomly showed up at your house and did the same.