You may prefer the look and feel of sheetrock, but many variables come with it.

I prefer $300 cash flow which gets you 18% CoC return.BRRRR projects take longer to do and more risk, but the payback is better.  

The properties appear to be relatively inexpensive and since the said units are condos, one would assume the renovation would be limited to walls in only.One of my many concerns is specific to ownership, HOA, holding cost and other miscellaneous cost which would impact the project profitability.Any feedback on personal preference between the two neighborhoods is greatly appreciated.

Greatest con is the very pro-tenant regulations that translate to risk that do not justify the cap rates for my preference.

That said, there are different entity types that may be beneficial for a flipping business (LLC, S Corp, C Corp, etc.)For rentals, there is a degree of personal preference - some like to have a separate LLC for each investment, some use Series LLCs, some group a few investments in a single LLC until a certain threshold of equity is met, like @Tanvir Sattar mentioned.Although, I don't typically agree with that method because the investments within that LLC are still vulnerable to others within that same LLC.

For tenant-facing items, I would prefer to not use my own name.

Fastest path to cash preferred, but ultimate goal is building wealth.

Do you have any preference among these three locations?

I’m worried as even if the property management company is established and professional I want to have greater control over my money and I don’t know what they do with it or whether or not they underpay me.Do property management companies allow the owner to have rent payed into their bank account preferably via an online portal like Buildium where both can manage operations and then the owner pays the property manager their management fee.

@Cheryl VargasContact Hellofurther, TD or whoever your preferred provider is first and setup an account.