Though, if your client base is nice retired people, it probably won't matter.  

The large coastal California cities were ranked very high in appreciation (not surprising) but also were ranked very high for their cash flow (this could surprise some who do not recognize the coupling of appreciation and cash flow).Initial cash flow has a poor correlation to actual cash flow over a long hold.

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.

Go to Omaha and Sioux city tomorrow for inspections and client meets. 3. close new loan with my bank unsecured ( those babys can be tough to get).4. get my mind ready for 9 grandkids at the house this is the toughest one :)  Patience 5. firm up goals for 25 solidify my new clients that I have gotten in Q 4 24.

All of my landlord clients I train to self-manage.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

I don't say it is or isn't worth it - only each of us can make that decision - but I criticize no one for asking the question regarding enough, or even recognizing their lack of desire to spend an inordinate amount of effort to obtain what they consider marginal gains. 

Properties at that rental point don't exist (I have 2 rental clients now that $1200 is the least I can find & its a dump). 

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.