You can always go back at a later time and amend your articles of incorporation after consulting with a lawyer. 

@Nina Telthorst  Yes, many HML's will require an incorporation status. 

Specifically an llc incorporated as an s Corp.

Glad you kept the main menu nice and simple where as the banks I used switched to fancy graphical interfaces with constant glitches causing me headaches. 

Would you incorporate, would you LLC for legal reasons?

I know it's good for liability, if enough privacy trusts and incorporate out of Nevada!

I also know that the lower prices to be found in NY have a lot to do with there being older buildings, higher property taxes, tougher neighborhoods, less appreciation, etc. which I know I will need to incorporate into deal analysis accordingly and understand the risk of.Summary: I feel that with having to put 20% down (FHA loan house-hacking is pretty much out of the question in NYC due to the astronomical prices here), buying a property in New York may be more attainable with my current savings and would allow me easier access to visit the property, however I don't think I could afford the quality of property I would like (close-ish to turnkey) in Florida.

Or do something a little more creative like using a 203k limited loan to incorporate some of the larger costs (Furnace Mainly) directly into the mortgage vs out of my pocket in the future. 

This should be easier than most lot splits since the piece you’re breaking off doesn’t need to be a legally buildable lot in it’s own, it could be added/incorporated into your neighbor’s parcel if necessary.  

Insurance companies are starting to figure out climate risks and incorporate those costs into their models.The big question - why not invest across a portfolio of syndications?