They are a passionate bunch who really enjoy taking care of their homes and building their financial independence.

The inherited tenant class, building condition, the financials and associated record keeping, bet you can't even find all the leases!

My name is Molly Arnott and I am really amped about getting into more investing and finding financial freedom through real estate.

However I would think that the property management route is the most simple to learn and probably the least financially rewarding.  

Stay away from individuals who want to micromanage you.

Their presentations are designed to play on the emotions of sheep, peddling products and upgrades and coaching...all founded on the idea that anyone can do this, you don't need money, financial discipline is not required, etc.If you find a seminar, do yourself a favor and Google the name of the individual, the seminar, or the company.

If the taxpayer has a wholly owned C Corp or S Corp, it might be advisable to draw up bonafide loan and lend to the individual/SMLLC at the AFR for property purchase. 

Will owning a financial commitment like an SFR loan place my company into a different status with regard to new fiducial/regulatory/reporting obligations? 

right now I just have my agent and my financial advisor at my bank, should I build a relationship with a lawyer before hand and find a house inspector as well ?

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.