I would buy 1, wait 6 months to make sure everything is settled in: all the post-purchase stuff that gets found can be fixed, you've established a little how you will interact with the management team, etc.

I was thinking one to establish legitimacy with my actual S Corp name, largely informational, a few others with a "we buy houses" type of domain for lead generation, and then another one on which to showcase deals to investor buyers.

The assessed value is initially established when the property transfers so, especially if it was purchased some time ago, the assessed value has no correlation to today's market value.

Raising capital is my current obstacle and have looked into opening up a business (LLC/S Corp) to begin establishing credit history to ask for bank loans in the near future without much hassle?

share you experiences, it will create organic SEO for you site and establish you locally as a subject matter expert.

Once you establish a relationship with a contractor you like they probably won't continue charging you to give estimates based on the fact that they are most likely going to be given the work.  

Basically the steps are;- Establish an LLC in which you and your friend are co-owners- Put in place a partnership agreement- You personally then 'sell' the property to the LLC at whatever price you and your friend agree on- You pocket the 1/2 the priceAlso remember to agree on who is paying for the legals / title stuff.Good luck,Oren

@Scott Bolinger - Incredible cash flow is subjective, moreover for CA investors  compared to buying  a Tesla , buying 20K house is  like quarterly budget for Vegas gambling.

For a traditional, established cash flow market, you can't beat Indy being a comfortable drive away.

Would you say that diving into small multi-family rentals such as a duplex or triplex and house hacking that is pretty established, would be a better place to start off?