., you did not elect for it to be taxed as a Corporation which is rare).

My cousin has power of attorney for his parents, and within the past three years, his father has signed over all the shares of the family business / corporation to him.  

Oh okay, I was thinking that one of the boxes may be to designate what I am, like  "Company" "individual" "corporation".

. - The new company must be a corporation. - I will have to be an officer of this corporation.

Anyways, real estate is a great career, I had a corporate job for 2 months and I already am sick of the typical 9-5pm job.

Vivek,If you go the LLC route, definitely speak to an Attorney about the do's & don'ts on how to set it up and how to keep it at arms length from your personal accounts to keep a claimant from piercing the corporate veil.  

(corporate housing, etc.) 

They typically want 35 to 40% down for STNL.If it was corporate guarantee and BBB- investment grade or better tenant then loan terms tend to be better with less down.Would require operator to give personal guarantee. 20 unit operator means nothing if they do not personally guarantee or they can put lease under just 1 to 4 stores for guarantee.Would want rental increases every year. 1% rent increase is generally reserved for corporate.

I don't know the home condition but I had a company from Colorado looking for a corporate rental in the area I might be able to hook you up with if your ready to rent.

I have a fortunate career but am trying to 10x so to speak so as not to just sell my time to corporate America and also be behilden to the whims of the stock market.