Also, I'm looking to form a power team in each of the states mentioned.

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

Quote from @Jim Crockett: Had a power couple go over to their ship despite my warning, they are young, we are not.

I recently read a book that mentioned there being a lot of power and benefits of a personal corporation but I'm curious as to when a corporation is actually beneficial over the latter. 

The property next to me is a 1 acre lot, it has a Well, Septic and Power, but no structure.

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

A cash-out refinance or home equity line of credit (HELOC) can be powerful tools to keep your momentum going.Focus on Stability:Look for investments in areas with strong job markets, population growth, and consistent rental demand.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.

In that case, I wouldn't say the PM necessarily made a "mistake" by keeping the power on.