Just starting out. Milwaukee Wisconsin. Kind of long. Lol

[Denver Grayson]

So I will start with a bit of back story.  

I was a franchisee for one of the big pizza chains from 2007-2014.  Sold due to a divorce.  I retained ownership of my SCorp that I have had since 2006.  Part of the sale agreement was the purchase of any property I want for under 140k.  I would get it for 48 months and only have to pay taxes and insurance for that property.  At the end I would have the opportunity to purchase for 20k less than market value.

So I have a seasoned SCorp that I would like to use for my REI. Should I use an Llc under that also? I did that for my previous business per my accountant.

I also have just over 50k in cash.  My only downfall is my current income is only 60k a year and I have support payment that total %33 of that.  

In my area I can get a 3/3 duplex for $140k in an A/B area that can bring in 8-900 per unit.  3+BR sfh go for around 100k in rentable condition.  50-60k in need of repairs.  Taxes are high.  %3.2 to be exact.  

I would rather buy a rental and use the cash flow from it to roll into more properties for the next 4 years till the first comes due.  And suggestions or ideas other than what I've laid out?