I want to buy a house in less than a year but I just don’t know how that will work.I’m not sure if I can get approved for any type of financing with a weak credit score (570) and not a long work history at my current job that I’ve only been at for a month.My significant other and I combined bring in a total net income of around $3,500-$4,500 per month depending on how much over time I work.

Now that i have finally got a taste of some real land-lording action, I feel as if my Illinois (cook county) lease is weak and needs some serious revisions.

Stepping away from the input data and looking at the results, the CoCROI is strong, but the monthly cash flow is weak, for me.

Depends on your area but with taxes, capX, pm etc my initial thoughts think it is a weak deal. 

My weakness is having the confidence in getting a deal signed.

Working with competent, independent wholesalers, with accurate ARV's and repair estimates, is even a challenge-- there is an astonishing lack of knowledge and professionalism from some, due to such a weak barrier of entry.  

I have used Credit Karma and they only have 2 and their alerts are weak. 

Is it a weak breaker or is the breaker bad?

My guess is that there are so many things about the process that you don't know, that I you could potentially make so many mistakes by doing it yourself.Then you have to spend the time and energy to clean up those mistakes.If you are getting into the rental business, you need to do so upon a strong foundation by getting a CPA to help you out.I'm not trying to scare you, but it's like building a house on a weak foundation and then watching it crumble.You mentioned an S Corp, but you haven't mentioned whether or not you're incorporated yet.Here's a useful article on S Corp status, but I still suggest you get a CPA to help. 

No personal information, it's like Prison; if they sense weakness they will strike!