Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.

It’s a good idea to speak directly with an insurance agent who understands multi-unit properties to customize coverage for your specific situation.

At that time, my friend encouraged me to get into real estate with the idea of creating passive income and wealth in future (via appreciation).

Park Place Communities, LLC etc.) are created in Wyoming (and the address is a registered agent).

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Do you guys think there will be regulations that will be created around this that might affect those companies, or worse smaller businesses?

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

The government has now started creating laws to stop the growth of Airbnb.

I would highly recommend you create an LP agreement.

This post does not create a CPA-Client relationship.