They have the financial wherewithal to purchase a hope (and most do). 

Also, for your shared laundry situation, I recommend PayRange.

It is a fundamental of all financial analysis.

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.

You need to take a look at your financial situation.

But also understanding that I will be asked questions that I don't know, and I need understand that it is okay not to know everything in these situations.

If we had gone with more optimistic assumptions then it would have been a very disappointing year financially at least.Every market is unique. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

This thought led me into studying about becoming financially free and building generational wealth.

A tenant doesn't qualify for a S8 voucher by making good financial and life decisions, so what quality of people do you think the system is dealing with?