Out of pocket, all cash for purchase. 12 Multiple draws (monthly) for rehab contractor How did you add value to the deal?

@Troy FroistadI would pay an agent $1,000-$1,500 to draw it up.

I was more than willing to pay a lump sum of money, but I had to draw the line at co-signing a lease for someone I barely knew.

Back to the drawing board

With a sole prop, you typically keep all profits and also pay taxes and SS/Medicare on all income whereas with our S-Corp we W2’s ourselves and take draws to avoid the extra SS/Med expenses.

The prices are tempting but in my opinion the tenant pool is less reliable and there's little in the area to draw a more desirable tenant population. 

Those are really the main considerations.

I have no experience in REI, however I have ammassed considerable savings, enough to make an investment in a plex rental property on the island of Montreal, Quebec.I do not yet think I am at the stage of "Analysis Paralysis", as I have only begun reading and studying the topic of Real Estate Investment for less than a month.

Pulling capital out of a company is an ownership draw (the $200K).

I believe the dramatic rise in unemployment due to the Covid-19 shutdown will cause residential real estate prices to go down considerably.