It might be for Scott J because he has relationships he has honed over the years but for the average student this is imply not anywhere near reality or repeatable to where you going to retire on cash flow..

The company I worked for even had a relationship with the property manager.

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.

That way you have a contract that is specific to your area and at the same time have an established relationship with an attorney in case anything ever comes up.If you want a boilerplate contract, I am happy to share some of ours, but they are more specific to Chicago/Illinois law.Here is a blog that we wrote on what should be included in your contract:This article is for educational purposes only.

Generally:--better rates--local relationships--local decisionsAs I said: generally.

Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from. 

As an attorney you likely have relationships you can lean on if you want to pursue this avenue. 

Its also a good idea to build relationships with realtors, contractors, insurance agents, real estate attorneys, and property managers in your area so take advantage of events, conferences, and meetups.

Build a relationship with a banker from your home bank.

@Cynthia Lee Depends on your jurisdiction, your relationship with the tenants, and your end game plan.