Just don't see the S-Corp or another LLC having a place here..I've heard tax advisors say it takes around $70k min of self employment income for the break even point for S-Corp to make sense.

And do not even think about using the illegal basement as-is...imagine a fire breaking out and someone getting injured or worse....that would all be on you.

Before you press on, maybe take a break and consolidate. 

Also control the thermostats so the tenants don't jack up the heat in the winter giving you a massive bill.

A smaller down payment could result in breaking even or even a negative cash flow.

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

I would strongly encourage you to buy properties that cash flow or break even.

For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.With inflation close to its 2% target and an uptick in the labor market, The Federal Reserve may be taking a break from rate cuts.

After punching your rental income from tax returns MOST people more or less break even ion a rental.

I took a break from school and shed all points of stress in my life.