He might have to sell the properties to pay off all the debt.

Now you need to figure out how to find deals and pay for them.

Removing any appreciated property from an S-Corporation triggers a deemed gain on those assets by the S-Corporation (hence also by you) - it's as though you sold it at fair market value, so you get the joy of paying the taxes on the appreciation while receiving no cash. 

The "price" you pay to a buyers agent will come back 10 fold when working with really knowledgeable, trustworthy market experts. 

Also, the rent amount may include the lot rent if these homes are in communities or land/lots where you pay rent for the home to sit there as well.

@Kristi PrattTo make smart real estate choices, think about rising rates, cash-out refis, and slow pay growth.

Turns out inexpensive kitchen updates pay off big time when you sell your home, with homeowners recouping an average of 85% of their investment.6 updates you can make to your kitchen without renovatingDid you know that a minor kitchen renovation project costs around $22,000 and a major kitchen remodel can set homeowners back $65,000?

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

If you have more money than time, pay someone.

A cookie cutter first deal looks like:Purchase: 65k - 90kRehab: 50k - 75kARV = Project Cost/.7Neighborhood: B or betterRehab type: cosmeticAvg Days on Market in zip code: 30 or lessThat's an example of a very safe deal for a lender to fund for a newbie.For a 0 experience expect to pay 11.5%+ in interest.Keep in mind the cost of a project's lifecycle.