I noticed other companies charge the owner a fee like a $100 admin fee or something if we take over a property with a tenant the owner put in place and then have to evict them after a month to two later.

Trying to learn all I can.Arnab, from what I can see, it seems like the rental game on the Mobile side of the bay is trending fairly laterally but certainly not dipping.

First thing I see is you're close to hitting the 2 years OO for a tax free sale on any gain...obviously you don't currently have any gain, but if you can wait it out then any future gains would be tax free...it gives you some wiggle room later. 

I emailed and received a response a day later stating that the "algorithm flagged the account".

It wouldn't hurt if you wanted to do that now as they could provide good information as you move forward and make decisions.Benefits: building a relationship, shopping firms to get the best fit, knowledge regarding big financial decision before they occur, knowing if  you're making any major mistakes, determining if your plans will actually help you tax wise SummaryIt might be too early but only something good can come out of a meeting with a knowledgable tax professional earlier rather than later.

Just like regular investors, they can keep extending the term and also potentially dilute the preferred later if project does not trend well or interest rates do not come down.

Call it $60k/yr10 years later, they are all paid off.

I’m also thinking about using an S-Corp or another passthrough entity for tax purposes.I'm looking to scale my real estate portfolio, and I know that starting sooner rather than later will be more beneficial in the long run.

My goal is more for passive income/break even along with wealth later in life, currently 35 YO.

In similar situations, it may be worth considering renting first and selling later when market conditions are more favorable.Finally, the importance of choosing the right agent is a valuable lesson.