For property management, which you might want to have if you manage your properties, there are some advantages (health plan, retirement plan) to have it taxed as an S-corp or C-corp, but it will be separate from your assets holding entity, and will not hold any properties or significant assets.Financing makes a difference when holding in personal name vs an entity.

Plus, the current tenants right now are pretty good and always pay on time.

Luckily my calendar is still pretty wide open so I’m able to make this exception plus I would hate to get a negative review since I’m trying to build up my business.

I was looking pretty diligently for a while but only found 8-9% gross yield max, so nowhere near 10-12% net - ( calculate yield as net to get the CoC value)

the buy price is pretty bad for 135k ARV, any way you work this out it doesn't make sense.... i'd walk and find another deal... like @Jason DiClemente says 70-75% ARV all in is where you'd want to be, including ALL expenses like HML and closing costs etc

Reasonable pricing and pretty fast service.

Condos are tough for cash flow and $40 a month is pretty tight, especially when you only have 5% vacancy.

When I buy a tenant occupied rental I pretty much just assume that we're going to have to do an eviction and budget for a full rehab. 

At 80%, you're pulling 960k out and you have just played the BRRRR game pretty well. 

But those terms are pretty normal.