Instead of renting, move that money into a more valuable asset and continue building equity.

:)Having done something similar years ago, would advise you NOT to quit W-2 until you have a crew you can depend on to do at least 80% of the rehab work.You should also be building a network that exposes you to more deals than you can currently handle.Otherwise, you're just trading one job for another and won't be able to scale enough to generate the number of flips you need to replace W-2 job.

I am hoping to like many others build up a good retirement through real estate and are looking for opportunities to learn good practices, soft skills and gain confidence and build repeatable systems that can scale. 

You’re building up an asset that you can use for buying other assets.I use this strategy with business owners quite a bit who’ve maxed out their retirement accounts.Leverage, leverage, leverage!

I would house hack subsidize my mortgage which gives time to build up capital and would refinance to conventional loan and start my next investment!

Lookup all the S Corp documents in the state where registered. 

Assuming the building has land basis, there would be a gain on distribution in excess of basis. 

Remarkably, everything aligned perfectly according to my plans, leaving me in awe of the reality I was living in.Presently, I continue to strategize and aspire to acquire more properties, with the goal of becoming a successful realtor investor, further building my real estate portfolio.

Building also has a commercial kitchen and laundry area.

He looked into the online portal and said the build permit will be expiring soon.