Definitely not my best investment.Since you have $300k saved up, look for MF(multi-family 6 units or more) and incorporate PM (property management) as part of expenses may make more sense. 

A phasing plan was incorporated into the city’s agreement to require commercial uses to be constructed proportionally with residential uses.https://communityimpact.com/au...

As for legal entity it depends on what’s most important to you - I my self just incorporated under series LlC.

As a result of the pandemic, my job in corporate america was recently eliminated. 

I’ve always put ceramic tile in my units but I was thinking about installing vinyl planks with the wood grain in this new project.

You can always go back at a later time and amend your articles of incorporation after consulting with a lawyer. 

@Nina Telthorst  Yes, many HML's will require an incorporation status. 

Specifically an llc incorporated as an s Corp.

I took the 40-hour course and got certified to do lead abatement about 15 years ago and never was interested in getting involved with lead abatement.Lead is also found in older bathtubs when lead was put in the glazing and in ceramic tile.Personally, I think lead is more dangerous than asbestos because lead causes very serious mental issues for children children where they really do become mentally handicapped vs. the b.s. about mold and even when asbestos is present in a rental unit, or commercial building the chances that the asbestos is loose enough to circulate through the air is slim to none, but there are some rare claims.

Would you incorporate, would you LLC for legal reasons?