Account Closed - since you are in TX you should also look into Series-LLC as your asset holding entity for rentals.

Should we situate into two companies, one for flips as an S-Corp and one as a series LLC for rentals than?

I am VERY new to this market and other than my house that I "Own", 99% of my knowledge on real estate has been stuffed into my head over the past two weeks from this podcast, the Rich Dad series and YouTube.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

v=j4ySnUj16i0&t=464sThis video series was helpful too when deciding to invest out of state for the first time: https://www.youtube.com/watch?

Episodes 25, 26, and 78 feature house hacks, and he has a 9-episode series on in-law suites/accessory dwelling units.

Other option i have been told is to first get the property under my name and then transfer to LLC or series of LLC.

I have a series LLC and pay the same premium if I had under my name.

I will always work to ensure that my properties are held in an LLC, but they will either be held alone in their own (usually brand new) LLC or a child series of a Series LLC.