If I'm correct in my analysis, then I'd guess I'm also looking for a mentor if anyone is willing!

You can elect to be classified as a partnership or an association taxable as a corporation.

@Caria MitchellI looked further into this topic and I stand corrected.

Buyers don’t care if you shelled out more on the rehab, if you’re priced too high, you’ll end up sitting on the market way longer than you want, driving up holding costs.Lastly if your buying on market, REO or Corporate sellers are dominating and not as willing to negotiate as owners would.

Yes Mike, you are correct, it's all about taking action.

I was recently corrected as I thought 12 states required license but its up to 18 states now from what one of the BP experts let me know.

We would like to learn about how we should have went about it so that we can purchase more properties, minimize mistakes, and reduce our reliance on corporate life.

If you don't have the relationships, hire someone who does.This is why Brian Burke can go “large corporate” while I have to stay “small private”; he has the ability to MANAGE PEOPLE that I do not.  

After being in the corporate sales world for about 10 years, I realized that I do not want to return.

It's tough to work with corporate seller's.However, there is a TON of investable inventory in the Atlanta market right now that is institutionally owned where there process is very ridged.