I tell my clients usually if they want Dollar Generals I want them well located with upgraded construction in a strong suburban to urban core area which is only about 10 to 15% of all stores.

Currently all $200K is subject to self employment taxes ($30K tax bill).If taxed as an S-Corp, I could pay myself $50K as a salary, and only the $50K would be subject to self employment taxes ($7.5k tax bill).

I need some advise from you all before i move forward.How do you make the mortgage payment?

Got certified in lead safe practice for remodeling because it was all the rage.

What would you all recommend we do to get our next rental property?

Checking: collect all income here, then use it to pay bills.

I have sold all but one of my personal investment properties and decided to invest with others in passive deals with sponsors of larger apartment complex's, trailer parks and others.

Sounds like you all area experiencing it as well. 

All of our properties we have had for 5-10 years, so lots of equity.

Let's assume you accounted for all expenses and have a full $2,400 monthly cash flow.