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. 

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.

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

I'm assuming I won't have that high of purchasing power, and therefore I believe partnering with my former boss would provide the "backing" i would need. 

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!

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

Napoleon Hill's masterpiece takes a dive into the power of the mind and the principles that lead to success.

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

Or you turn on power and there isn’t any?

One of the reasons I joined BP this month is to participate in a weekly connect just like this, as I know how powerful they can be.