However, your income will be based on your 1040's and whatever schedules apply to your situation.

The lady (Betty) who owned the house, husband’ (Jack) died in the 60’s, Betty filed a letter stating that the title was to be transferred to her name but apparently only 50% of it transferred.

A Surveyor can ascertain exactly where you are in relation to the flood plain, by doing what is called an Elevation Certificate. 

Plus my father who is 51 would have the added benefit of having these two properties paid off by the time he's in his mid 60's, probably about the time he will be retiring.My Father is basically my "Private Investor" so to speak because he has cash and I have more time and energy to put into the ins and outs of finding deals and dealing with tenants.

Generally S Corps make sense around $40-50k of net taxable income.

@Michinori Kaneko Yes, for a 1031 to be valid, you must identify your replacement property options (up to 3 normally, though can be more under certain circumstances) within 45 days of closing on the sale of your relinquished prop, and close on your replacement(s) within 180 days of closing.

I’ll take Hilton and Marriott’s or any other resort management team over that, where they can actually benefit me down the road at one of their 1000’s of locations.

Opened up S corp for better tax advantages.. has offset tax liability very well.

Hey Guy s..!

My experience from living here and riding bicycles everywhere tells me to drive the street(s) that you're looking on.