Thank you for your insights and help with walking me through this new venture for me.   

This will save you on subscription costs.Hi Max- this is helpful.

Quote from @Yash Shah: Hello everyone,I'm new to this group and would love to hear your thoughts on the pros and cons of purchasing a corporate or bank-owned home.

I have tried a couple and didn't think they were very helpful.   

Yet, what positive advice have any of them really given to help you?

Deals like this, with additional income potential (garages, ADU, etc.), could help you cash-flow while you build equity - best of both worlds.Lastly, targeting properties that have been on the market 30+ days could be a good start.

those I think the basic of my questions.Thank you for responding and helping to understand more. 

This is something a lot of people need to read going into flipping..

I'll send you a note of what you should require of your GC.Keith Hi Keith, thanks for your response - will be super helpful if you can share the type of insurances our GC should have.

The IRS has a guide on rental income and deductions that might help: IRS Rental Property Tax Guide.2.