God said if you share the wealth instead of hoard it, he will give you more of the same and the desires of your heart.

It would be a shame to remove it only to discover that was a desired feature.

Bottom line though, if you buy here to flip, make sure you buy smart and know the area (or someone who does) because the values and desirability out here, while tall interconnected, are extremely different and nuanced.

For fast food many of them are starting to use kiosks and automating to save money versus pay high labor costs.Is the site desirable?

ARV - Desired Profit - Closing Costs to Buy - Repairs - 10% of Repairs - Holdings Costs - Concessions - Realtor Fees - Closing Costs to Sell = Your Offer (MAO or Maximum Allowable Offer).ARV: After repaired value or what you think it will sell for once repaired.Desired Profit: This should be taken off the top first.

Another way is to partner with your realtor, have them market to a desired neighborhood and see if they can find someone willing to sell to you.

If your true desire is to be a builder or developer, then get yourself into a job where you learn the business. 

This way you can get the cash flow/ROI you desire, but do not have to handle the tenants.I have a few off market SFH listings if you are interested.

What you ask is all relative to the project , and desired time of completion , plus your own skills .

You'll then be able to have tax advantage there.There could be other advantages regarding your situation and the desired legal structure you want.Also, you might want to consider other variables such as:S-corp tend to necessitate more paper filing and upkeep The way you're going to get funding might be different with S-corpAs always, you'll need the help of professionals to assess your situation.