For $10K and a lower rate I'd be willing to consider delaying...but only if I knew that lender two was solid on closing in a relatively short timeframe.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Quote from @Jaycee Greene: I am currently saving so the lower the better just for my time being Quote from @Ella Marie: Hello I'm new here and I am more than excited to get started in the real estate business.

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

What I noticed so far is extremely high property taxes.