What is the best structure?

[Account Closed]

I have the cash to start buying and holding single family and multi-family rentals and am looking to invest in 3-5 properties over this next year. I want to invest in different areas in the US depending on where I can find the best deals. My thought is that I would form an S-corporation as the main entity and then register an LLC for each property (all owned by the S-corporation) to keep liabilities separated. Is there a drawback of structuring it this way? Is there a better way to do it?