I need help on what I should be considering when making the choice.

I work for General Property Management; they are a great choice.

@Amber TurnerThen you have the choice of going Freddie, or Fannie, whichever is more advantageous, if needed.Reminder that retirement accounts can be used for reserves, at 60% of value.Below is particular to your situation as you described it...Fannie:4% of unpaid principal balance for non-subject property investment properties.6 months of PITI for subject property. 

Does not make them a scammer just poor choice of assets and probably not nearly experienced enough in the asset class to understand what they are really like or what they are doing.. as they are brand new to the space.

If you are a cash buyer it makes your choice easier.

For a business owner with $100,000 taxable annual income, the net tax savings for using an S Corporation instead of an LLC in taxes paid every year can be as high as $7,500.Holding PropertiesWhen holding properties as a cash flow investor, the LLC (or LP) is generally the better choice because an LLC has more liberal distribution rules.

If bank financing is involved, make sure if the lender is satisfied with your choice of inspection company/method (if they deem a report necessary). 

I guess it would depend on what you're ultimately trying to achieve - it may be a better choice to go directly for a brokerage license, or to not have any at all. 

They have been reported in our newsletters and in meetings as we become aware of them.I choose to do some posting here because I believe it is important that the mostly smaller operators that read and post here need to be aware that "flying under the radar" is a dangerous choice.

For anyone who is flipping a couple houses at a time, Excel is unlikely to be a good choice for financial management just based on the sheer number of transactions and categories that need to be tracked.As for your suggestion above, personally, I like to reconcile each of my businesses every day (I'm a little bit OCD :) ).