We wanted to get one maybe two properties and sit on them until after college where we will have stable incomes and be looking to buy 1-2 properties a year.

This could be a good additional income stream later in retirement.Am I putting myself at risk?

Thats an easy fix DSCR all the way we do not look at income or employment.  1031 allows you to move the funds into the next property tax free. 

I'm trying to get my daughter into a house as well as she is 21 and has good credit but is a full-time student so her income is not on point just yet.

Rodolfo, certain lenders have certain requirements and overlays there are definitely other options out there that will annualize your rental income for DSCR products.

It was listing my team had that started out at $285,000 - price kept coming down so it interested me and I am building my passive income portfolio - this has cash flow of approx $1000 / mo after the mortgage and before taxes and insuranace.

I think all of it is manageable but some people have lofty ideas and have been oversold the idea of "passive" income from companies like Rich Dad, BiggerPockets, etc.

The C Corp pays taxes on the profits.It's true that a single-member LLC is a disregarded entity and you have to report the income and loss in your tax return as well as pay self-employment taxes on the net earnings.

With the equity in the home you can definitely look at getting a few more properties but it will stop there unless we use creative strategies to stretch it out or have more active income coming in. 

Know your market - which amenities are driving bookings are comparable listings to yours, what listings have highest occupancy and projected earnings and why?