However, my wife and I made a last minute decision on moving day to move into main level and rent out one of the rooms to family along with renting out mother-in-law suite.At the end of the day, we will be able to cut our living expenses in half through house hacking and putting me one step closer to my long term goal of quitting my job in the corporate world and pursuing a new career I am actually excited to wake up in the morning for.

Ideally, I would like to not need to move into corporate America for a low-ish wage after graduation. 

You would want to consult with your personal tax advisor regarding anything more complicated such as a Nevada corporation or Delaware trust, etc. 

Then I file a corporate tax return for the state I'm operating in.

@Subbie Kaur: Thanks for your input and my strategy is to buy low and sell High, with that said I am in the beginning stages of investing and have a limited knowledge of the inner workings of Taxation Corporation structure so on and so on and I'm sure there will be some bumps along the way but to make a long story short my strategy is simple to make money honestly and legally regardless the end of the day make money

This civil penalty may be recovered in any action brought under this part by the enforcing authority; or the enforcing authority may terminate any investigation or action upon agreement by the person, firm, corporation, association, or entity, or the agent or employee of the foregoing, to pay a stipulated civil penalty.

Not only did it cost me $100k, but StateFarm corporate people told me to get lost.

Have any of you ever had to create a condo corporation?

For the locals in the area that might be able to help pinpoint areas of focus here --- think if you were an established hard working professional (not CEO or independently wealthy)  working at for example -- Redstone Arsenal, NASA, Military, one of the Universities or major Hospitals, the airport, a local lawyer, dentist, fireman, police, teacher, business manager, small business owner, corporate executive, etc, etc..  

I am a corporate Financial Analyst who has finally decided to take a big leap.