It’s a lot more difficult for the corporation to qualify for the property unless you’ve established the business already unless it’s 5+ doors. 

You can back into it after you established a desired cap-rate.

Another deal may be closing by early April (with respect to the options period), and it is a far cry from what we are used to.

Next, do you have basis in the S Corp if you are nonpassive with respect to the S Corp?

An LLC is already established and the foundation set in other areas.

Upon return form this deployment I will be debt free and have significant capital to dive head first in my first investment. my goal during this final year on contract will be to establish as much of a real estate investing foundation as I can in order to enable full time attention once I separate from the Marine Corps.I would like to gage your opinions on how best to dive into this world of real estate investing upon my return from deployment.I'll have anywhere from 30-40k in capital devoted to starting this endeavor.

You have the cart before the horse.You do not want the financial burden of a house or the responsibilities that come with it before you get established in your new life.There is no short cut to investing regardless of what others may suggest.

Tim,Couple of things you could do.1) Partner up with a respectable wholesaler that is experienced in your area and split the profit with them if it closes. 2) Attend local REIAs and talk to the wholesalers there with specific questions.

You can use this to establish if the market is going up/down/sideways/etc.The BP beginners guide is great for getting a foundation of REI and I highly recommend it.

If they fell behind a while back and circumstances changed back to positive but they just couldn't catch up, that's not a bad thing and shows a history that besides that one episode, they can afford the rent amount.Also consider that people and circumstances change, so while they truly may have been the world's best tenant to their last landlord, maybe some event occurred in their life that changed their approach/respect for their obligations.