@Bailey Kramer Try to connect with @Bernadeau C.

@Alex C. great story, I like that you joint ventured to get the deal done!

I rent right now a townhouse (2 teen kids) which is again we all know the rent is insane.A few avenues I am looking into is house hacking to start (almost the only way to do it if you are on Long Island and even then it can be tough), remote investing (after I make solid connections), and entertaining other options like the following:I notice as I search more and more locally, there are lots of multi-family fixer-uppers in C areas half the price of the surrounding properties that could provide decent income (if rent is paid and not vacant).For example, property is 150K - all homes around it are 300K. 

I invest in D area, C areas and B areas.

Here is an example:Yesterday I wrote an offer for a $40k house in good but not updated condition, in a solid C neighborhood that's currently rented for $875/month by a lady who's paid 2 months ahead.

If the property was non-owner occupied I would tell you the deal is terrible from c a cash flow perspective but perhaps you are aware of somethings happening in the market i.e. gentrification. 

Before I transitioned to being a full time real estate agent / property manager, I worked as an architect in Boston (and later on in CT) - what I learned then was that construction is VERY cyclical so you better have plan B (and sometimes C!).

So, under lying your”S Corp” is a regular Corp, aka C Corp, or a LLCI’m guessing your cpa wants you out of a s corp status since your income is passive and a S Corp is useful if you have active income.

I am a solid Class C investor and have been for 15 years. 

I like up North, growing area, C/B area for the most part.