The SAFE Act was later incorporated into the Dodd-Frank Act, so it's alive and well requiring compliance.The guy you need to speak to, IMO, about MH financing is @Ken Rishel who has a compliance operation specifically for MH dealers.

Please know that, by law, you are obligated to issue 1099Misc tax forms to each and every handyman/contractor you paid more than $600 to (in a given calendar year), UNLESS they are an incorporated business entity.

I was under the mind-set that LLC(s), incorporating, are a good way to legitimize your business, separate your personal life and expenses from your business and protect your personal assets from others.

I'm in Canada, so LLCs aren't really a thing here and the benefits of incorporating in Canada to my knowledge have mostly been nerfed.This gives me a good idea of what kind of questions and people I need to be talking to next to continue growing. 

Even if you don't use what you learned directly you still have the life experience not everyone has and the fortitude that you got it done. follow your dreams and make real estate the supplement or fall back on plan that you incorporate into being successful.

I never liked to incorporate things like that into business projections for other industries, but the real estate and housing aspect of it makes this situation different. 

I incorporated the cost to pump the sewer into the maintenance allocation since it is a biannual expense. 

The "undesirable for incorporation" comment in the wikipedia article is likely to change in the next decade or so IMO.  

As such, a corporation whose primary income is passive is in-eligable for the small business tax rate and will pay income tax at the highest corporate rate.Trusts are another beast altogether and while they have a useful place in wealth management and distribution to family, you are not going to need one starting out.What I would advise is that you create a bullet list of your near, mid and longer term business objectives and then sit down with an account who specializes in business and real estate to create a roadmap for your business growth .... this will identify whether it makes sense to incorporate at the outset and, if not, when it would be appropriate and how things should be handled in the interim to mitigate the taxable event at the time assets are rolled-over into a corporation.

It does require some time for classes and preparing for the exam in my already busy schedule (director in corporate America and father of 3 boys).