I think Awendaw and McClellanville are trying to reduce their mobile home presence near 17 in anticipation for expansion.

I'm not an accountant, but an s-corp tax election helps reduce or remove self-employment taxes as far as I know.  

Most of the cost saving appear to be related to time saved and thus reduced interest payments. 

In fact attorneys have come to me to learn about tax sale investing.Ned,My post was not intended to reduce anyone's credit on this post or in this great community  at all.

Working on talking with a tax pro on all this looking more for personal experiences on seed some $$$ in acct vs scheduling a $$$ transfer each month to a personal acct that still pays the mortgage. it just seems easier to put 2-4K in the account to start now and reduce the paper trail?

There are gift tax implications but they will just reduce your lifetime exclusion rather than create a tax liability.

@Thomas Salisbury I agree with others.Let's talk about the crux of the issue - they are looking to make things more affordable.There're are a number of ways - if you're willing to move away from the classic adversary landlord - tenant position - you could work together with your residents to reduce both your expenses.Just look at where you have similar expense and what you're willing to share.

reducing debt is the best way ,pay off loans etc

In this sense it reduces your rental income 1-to-1, and any remaining income (after other real expenses and depreciation) is what will be taxed. 

This amount is reduced by $1 for every $2 that your MAGI exceeds $100K.