Generally, you can form one of three types of business: a partnership, S-corp, or C-corp.

@Tucker Mason in our opinion, it depends on the Property Class/Tenant.Class A: most people can DIY manage and learn what they need to know on the fly.Class B: A bit harder, takes more time and there's more risk with maintenance and tenants.Class C: should only be attempted by EXPERIENCED landlords!

For instance, we had an application today where the wholesaler got a home under contract for $200k and then put a $50K mark-up on it to sell it to the "C" buyer for $250K.

I like the area, but wanted to know where the C to possibly B- neighborhoods were in Knoxville.

Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

@Robert MorrisI have seen this technique done by an older landlord/mom and pop owners of C class properties but it worked well for them because they were in a 20-50 unit range of properties that they were self managing - they were also local to their properties.

Is it a S-Corp, C-Corp, LLC?

(C) Capacity and ready willingness to SUFFER and sacrifice.

I have a lot of resources for investors that can help show you class a b c locations and have off market deals.  

Quote from @Allan C.: @James R.