They are C-class properties, but they are safe (by my definition) and they cash flow. 

Try to use a few different techniques to see which one is a better fit for you. 

They did not seem safe of code compliant. 

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

Create a well-structured investment plan that includes your standards, target markets, property types, financing techniques, exit strategies, and risk management plans.

It's safe to assume this problem will only get worse.

Once you learned all the techniques, buy a fixer upper and start flipping. 

I should have mentioned to that I would do this approach with a property that is in a good neighborhood with very above average school system and safe, desirable community.

Is there any way I can find them before buying the property so I will be in safe hands??

Also want to be sure that it is a town that is safe for families and younger couples since we would be house hacking and having tenants living beside us.