It was a flip, and my first investment in NY, however I have done flips in CT prior.

@Tulan Kantesaria, @Matt Motil, is right if you were in flipping business.S-Corp will do no better for tax saving compared  to LLC.  

Entities are mainly used for asset protection.However, some would argue that by structuring you will lower your chances of having an audit of your taxes due to the lower ratio of audit for entities compared to claiming it directly in your 1040.If you are using a multi members LLC taxed as a partnership, this LLC will only file an informational tax return (1065) and each member will pay the taxes on their own tax return, based on the K1 that the LLC provided them.

He bought it awhile back as a personal residence prior to joining the military, and couldn't keep up with the payments.

The wind did minor damage but nothing compared to absolute destruction that much of the city has seen.

Depending on the realtor, they might not need a proof of funds prior to starting up with you.

Average rent in the area for comparable units are between $600- $725.

Prior to my current endeavor, I have worked as a bank officer and real estate attorney.

Trying to remove as much hassle as possible.When do you buy online have you ever tried to install them somehow, somewhere, just to verify they do indeed work, prior to officially installing them?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.