We've taken over a lot of turn-key properties that were turkeys because the rehab and PM were terrible.

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. 

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).

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.

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.

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.

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

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