Gotta lock in them tax returns while we can hahaI've had 4 tenants take advantage of it so far

Similarly, I look for assets where there's a moat/competitive advantage.

It sounds like you're saying high quality analysis is not only an advantage to the analyst but to other buyers as well because when she buys an undervalued stock, the analyst increases demand and drives the price up until the stock is valued correctly. 

The rules are loose, but like most things, if too many start taking advantage of it I wouldn't be surprised if audits start happening.

I have a few potential tenants, but the ones that are most interested are a male and female couple.

A lot of investors in pretty much any market have been trying to raise cash as quickly as possible so they have plenty to take advantage of any dips in the market.

I then need some help from a tax perspective ensuring I am using the correct forms and filling in the right info.I have taken $40k out of the profit and am trying to determine the most tax advantageous breakdown between deferred compensation and profit sharing, salary and dividends, employee and officer.

That’s shot man, you’re definitely being taken advantage of.

Here you go: Treat Every Client Like Gold, Take Advantage of Lead Gen Opportunities, Set Aside Time to Grow Your Business, Nurture Leads to Ensure You Close a Sale,  Have a Scalable CRM, Commit Fully to Your Work, Create & Send Professional Marketing Materials, Be the Neighborhood Expert, Find a Real Estate Agent Mentor, Be Consistent & Hold Yourself Accountable, Nurture Existing Relationships & Build New Ones, Understand Your Clients.

I’ve learned the only way to keep tenants from taking advantage is to follow the lease.