However, an essential exception emerged in the 1990s, allowing specific rental income to be categorized as non-passive.

Meanwhile, the salary plus the distribution from the S Corp should form the basis of your income anyway... 

So that you can avoid paying all the tax on the sale and still keep your income stream with little to no management.  

I'm currently a professional making around $400,000 (W2 income). 

The is a work at home scam where they say you can work and make a income wholesaling. 

There are a lot of full-blown property management software systems out there with accounting modals (Builduim, Doorloop, Rentred, to name a few) but they do a lot of other things besides accounting, bookkeeping, and taxes so not the same thing as QBO.QBO has a few cheaper competitors Stessa & Digb.com that are specifically set up out of the box for real estate investors (e.g. income/expenses categories are things you'd recognize like repairs, appraisal, etc.) and there is no need to set up a separate class for each of your properties since the portfolio already includes these.

Not only is QBO popular among CPAs, it has a user-friendly interface, and robust features make it a great option for those looking to scale up and stay organized with multiple properties or LLCs.While there are other options available, such as Stessa, QBO's integration with property management software and its ease of use for generating reports and tracking income and expenses make it a preferred choice for many.

It is more properly called " Tax Deferred" Income.

If your modified adjusted gross income (MAGI) is below $100k, the passive activity loss rules may allow you to deduct up to $25,000 in passive losses.

@Eric Lowder something to be aware, when you get your next loan, the lender will look at your schedule E to determine rental income from your property.