When a property is deeded into an S Corp, the tax treatment changes completely.

@Craig Cann I had not dealt with soaked carpet pads or wood subfloor but in a generic basis ozone treatment worked for us however I have heard others use enzymatic cleaners such as Nature’s Miracle or Rocco & Roxie are the best in getting them out completely. 

The better question is is the NAR ethical?

The tax treatment does not change, but the legal protection does.

Some internal ethical questions many people don't think of or consider...

They may not always be the most ethical business operators, so do your due diligence and figure out who is who, like you would do with any people you meet in your day to day life.

Operating the same way with the same principles, language, laws and work ethic whether it's a husband and wife in their first portfolio, or a large, established group with more degrees than me.

Just be aware of the filing requirements and possible taxes for each state, some states have franchise taxes or other fees for LLCs and S Corps.If you’re already paying 22% or more, an S Corp structure could potentially reduce self-employment taxes on any business income, but it might not change the tax treatment for the rental properties themselves.I’d recommend chatting with a CPA who specializes in real estate investing to fine-tune the details and make sure you’re not overcomplicating things.

You’ll learn everything you need about their timelines, communication, and ethics.3.

I think asset management would be a better fit for me right now, but I feel I'd gain more practical knowledge through acquisitions (I would navigate them ethically, given my interest in the market).