An S corp should NEVER hold rentals.Kumar, You can mange from an s-corp, but they should NEVER be held by the corp.

It was a huge test on my patience, decision making skills and people management abilities.Work Done: Full Vinyl Siding jobFull pex plumbing installationEntire house Sheetrock, paint, carpetElectrical rewiring and updatingPros: House had a brand new shingle roofHuge basement, back yard, and two porchesPrevious owner installed wood tongue and groove throughout the living room and kitchenBrand new 96% efficient NG furnacePlenty of parkingSolid foundationCons: Located on Main StreetOnly has a 100 amp electrical boxVery little insulation in walls and joistsHigh taxesLessons Learned: Stick to your gut when making offers.

There was no insulation in the walls & a NG heating bill we found (October 1955) was for $3.42.

Even with a 10-15% deposit on an agreed sales price of $465, there are a million ways they could come back and challenge sales price prior to closing, I'm concerned about having their hands in the mix as I try and mange the project for quality AND profit.

Self mange and consider HOA prop mgmt fee... 

NG furnace. 

Contact a contractor and see what they will charge per unit to install Natural Gas (hot water or hot air) and then maybe just do the 1st and possibly the 2nd floor with NG.

They had upgraded the roof, complete border fencing, big new shed, NG whole house generator etc etc. 

@Heshel Mangel is this a flip or a rental?

The project manager can generate way more profit and mange way more jobs with subs than in house employees.