I've found some very genuine people through BP, truly interested in helping others and having that abundance mentality. 

The building inspector came and recently shut the building down for health/safety reasons by turning off all the gas to each unit.

I don't mind that because I have a "start where you can and do what you can do" mentality (and as I have heard so many times even on these boards, "all it takes is one deal to turn everything around no matter how small your marketing").

Don’t be afraid to build a portfolio and you need to get a different mentality on money and investing if you expect to do well in this business .

I have goals and an overall plan, just not the CEO in corner office mentality. 

If you have a job, but wife doesn't, she can qualify for RE professional and deduct beyond the 25K loses, and might be able to get a salary, establish Solo 401K and health plan, etc.  

It would be ridiculous in my opinion to demand one on a property that I didn't bring to the buyer.That being said, I am doing my own form of off market farming, but more of a targeted-area traditional MLS listing AND/OR potential off-market deal, depending on condition as I am completely mentally exhausted and done with my service business that currently pays my bills (and wastes my time :) ) and have a burning desire to replace its income with RE commission ASAP so I can roll up my sleeves and start building a RE empire full time. 

Then I either get better than average rents or I'll sell it.First I repair/replace things, if needed, that cause more damage (to property or life) if they fail, roof, water heater, plumbing & electrical... anything health and safety related. 

I am contributing my maximum to 401k with a 6% match and a Health savings account to use for doctors visits.

For property management, which you might want to have if you manage your properties, there are some advantages (health plan, retirement plan) to have it taxed as an S-corp or C-corp, but it will be separate from your assets holding entity, and will not hold any properties or significant assets.Financing makes a difference when holding in personal name vs an entity.