You don't provide enough data to know.Every product is only worth what you are willing to pay for it. 

Many groups buy cash flow negative deals and overraise to pay distributions right away. 

I have excellent credit and good paying job approval will not be a problem. 

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

While an S-corp may offer tax savings, its possible that those savings would be eaten up by the the admin costs.So many variables here that it really pays to consult with a tax pro.

https://app.tango.us/app/workflow/BiggerPockets-free-Short-T...The only way to truly stay up to date on your local rules is to pay attention to your local county/city council meetings and how you can participate.

We will be paying nearly $50,000/year in property insurance.

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

. $1300/month, tenant pays all utilities. 4 bedroom one is vacant.