I’ve worked with clients exploring similar opportunities, and here’s a bit of guidance based on what I’ve seen succeed.1.

Though, if your client base is nice retired people, it probably won't matter.  

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.

It kills me but I recommending to some potential clients to not buy currently. 

Go to Omaha and Sioux city tomorrow for inspections and client meets. 3. close new loan with my bank unsecured ( those babys can be tough to get).4. get my mind ready for 9 grandkids at the house this is the toughest one :)  Patience 5. firm up goals for 25 solidify my new clients that I have gotten in Q 4 24.

All of my landlord clients I train to self-manage.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

Based upon the cost seg studies of my clients, a building will typically yield 25-30% of the total cost that can be segregated into personal property and land improvements.

Properties at that rental point don't exist (I have 2 rental clients now that $1200 is the least I can find & its a dump).