Having a significant amount of passive income can trigger the IRS to revoke the S election, making your corporation a regular C Corp, subject to double taxation and extra capitalization requirements.Unless you have a way of pulling in a significant amount of non-passive income into this S-Corp, I'd walk away from this deal.  

Looking to bounce ideas around and get a good sense of the entire process before pulling the trigger.

In my experience trying to assume a non assumable mortgage will automatically trigger a "due on sale" clause in the sellers mortgage.

I had been interested in property investing for a long time before that, but never pulled the trigger due to anxiety and, really, just lack of a mentor.  

My guess is that they consider PoL deals pre-vetting sufficient to pull the trigger, or more likely, their investment team gets an early look at the deal before the crowd.  

Hello BP,I have been lurking BP for a long time, listening to the podcasts but yet to pull trigger.

Hello BP,I have been lurking BP for a long time, listening to the podcasts but yet to pull trigger.

I also suggest going to the county assessor' site and do some digging on the neighboring houses, latest sales, rental histories and such so it'll be easier for a buyer to pull the trigger on your deal.

We know enough to know we need to know a lot more before we pull the trigger on a deal.I've done several rehabs with my dad.

There is an LA meetup that is organized by Jeff Greenberg , connect with him and try to get on the mailing list, it is monthly, I just love going there and share my thoughts, hopefully pull trigger when I'm done improving fixing up my financials.