Unfortunately, these things happen with partnerships, especially with friends and family where there is more 'trust' and less legal definition. 

And you provide services for the S-corp.The S-corp then should pay you a reasonable salary, and your (disregarded) LLC should not be part of the payroll arrangement.

Providing a return and having a paper loss is fairly typical. 36% is interesting though...

I'd think people with funds they don't need for 1-5 years and with trust in you and the business would be ideal candidates. 

Attend local real estate networking events, meetups, and seminars to connect with professionals who have firsthand knowledge of the area and can provide valuable insights.

I lived there 14 years in FL and still would not trust a contractor for a second job.Quiet markets near Sarasota, like Bradenton Beach could also be good.

Confirm everything - the initial rental estimate provided by the wholesaler seems to be an aggressive estimate.

An LLC provides less protection than you might think.

While I can't provide specific advice on Michigan leases, I can offer insights on lease options.

They can provide you with detailed information on their rental income calculation methods and help you understand how rental income may impact your ability to qualify for a mortgage.Additionally, working with a knowledgeable real estate agent and mortgage broker who have experience with rental properties and relocation situations can help you navigate the process more effectively and ensure you find the best solution for your needs.