The typical benefit of s-corp status is that it enables you to pay yourself a "modest" salary, which would be subject to these taxes.

I admit that I am a newbie to RE INVSTNGand wholesaling in particular, however most of the more exprienced invstrs here do have the heart of a teacher.

I am posting this because I want to thank Josh for creating such a valuable resource for all of us that it enabled me, in Arizona, to find an investment partner from around the world.

So there she goes, a know it all (she is a teacher).

Bi-weekly rent would enable level-loading to help them through the month and paying all of their bills on time. 

Your mindset sounds perfect;  setting up the long term plan in the back of your head, while you work on the short term every day:  finding a good job that will help you to qualify for the investments that will enable the long term investment plan.  

This is if (1) the financing is conventional (2) the borrower has good credit (3) the debt coverage ratio is at least 1.2 Utilizing private financing, the borrower may be able to come to the table with as little as 10% if (1) he has experience, knowledge, and a good reputation (2) the property net income is able to service the debt (3) he can convince the seller to carry back a small second lien.There are numerous strategies and techniques out there theoretically enabling the buyer to buy a property with no capital contribution on his part.  

Paul Wells is also another teacher and active investor in the Denver area, so you might want to meet him.

I have five units now and I learned that there is no teacher as impactful as the sting of failure.  

It was produced by a Colorado school district for the teachers to wake them up about what is going on in the real world.