Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.

What is your short-term and long-term business plan?

I plan of tearing the home down and building a new home in its place.

.), but the plan will be the same for whatever we buy.

I would say more in the realm of buying a property that you plan to use for a STR.

@J Newman how many doors and planned growth will dictate software choice.So, share that info so we can offer more assistance...

We just started an LLC and plan to buy our first rental investment property in the next month or so.

Depending on how much of rehab you are planning to do to the property some it might be a wise decision to go out there and spend sometime and take care of those rehabs yourself before handing it out to a PM.

Intentionality is a critical part of the plan!

However, the s-corp (or LLC I suppose)  has things available to them that can be established like defined benefit retirement plans or SEP IRAs.