I hope to establish new relationships for mentorship, partnerships and of course further my education in real estate.

I am also trying to establish my team, I have a good realtor who is sending me properties, I was connected to a lender but I am open to suggestions/ recommendations for lenders, property managers, project manager (is this common?)  

Here are some situations where it might make sense, along with considerations for how long one might wait for the situation to improve and what margins might be acceptable for a flip:Expectation of Significant AppreciationStrategic Value or Unique OpportunitiesMarket Rents Expected to IncreaseFix-and-Flip with No Rental StrategyConsiderations Before Buying with Negative Cash Flow:Financial Resilience: Make sure you have enough cash on hand to meet the shortfall without endangering your overall financial situation.exit Strategies: Establish practical, well-defined exit strategies.

Make sure to establish a team before getting started though - I would love to chat! 

Unless someone is well established in their business, I would start small until you've got the money and assets to digest those kinds of fees. 

However, the s-corp (or LLC I suppose)  has things available to them that can be established like defined benefit retirement plans or SEP IRAs.  

Establish the notice time that will apply to you and the renter in the event that either decides to terminate the agreement.Remember to consult with local authorities or seek legal advice if you have specific questions about regulations in your area.

@Michael Nelson I've seen lenders willing to let you borrow 100% once a relationship is established.

Unfortunately there are some established agents who think they’re doing right by their clients by filtering out buyers they’re not familiar with.

You should verify whether you can establish this type of LLC in Texas.