I ran my Property Management Co. as an S corp, and I was treated as a employee of the company and got a salary  (my CPA recommended this entity, it minimized my taxes).

This requires a lot of experience, a gigantic mess of paperwork, lots of cash reserves, and usually other employees to manage the listings. 

I see this as more specific than a business plan and something that I could share with partners and employees to help keep us all focused on the important tasks.

@Dave Foster being that I plan on living in the house for at least the time being, would it still be possible to the exchange down the road?

I know it can get you in a tough spot if you say the wrong bad things about an employee to a new employer - how does it pertain to tenants good and bad? 

I recently left a full-time, W2 employee position and am now working solely on 1099.

It shows that the Austin metro area employment base is growing steadily but we are certainly in need of more employees to match that growth hence the low unemployment. 

It's a worst case scenario.Quotes came back at:$650 for soil testing$850 for engineering and permits$5-7k for pretreatment system (required by law)$7-10k for leaching field$3-5k for the tankTotal $16.5k - $23,5kObviously, this level of a failure was not planned and was not covered in CapEx.Steps that were taken so far:2 quotes (recommended companies, he's in OH and doesn't know anyone else to call)Sold 1 car that was owned outright to raise fundsConsidering the sale of another car that has some equityDialing back (nearly ending) gifts for Christmas (5 kids plus 4 fosters YIKES)Exhausting his entire emergency fundSteps not taken that I advised him on:3rd party inspection that doesn't do work... not the person the contractor recommends who is probably getting a kick-back if this is really a BS deal.

Are there any websites that companies with transient workers look in to house employees etc? 

I have been looking for jobs the past few weeks and have had trouble finding companies that will accept new employees that have no experience in the industry.