After many years in large corporate CRE & residential finance I am ready to build my own portfolio and be my own boss.

One of our main goals is to get out of the corporate world and become financially independent doing RE.

Case in point, in the corporate world I left, unless I "needed" to do something, I was not willing to work nights and weekends towards the end of my career to be the best because at the end of the day, it was a job and not a passion anymore.  

My wife and I hold "corporate meetings" and discuss the properties and keep records.  

I am against having anyone other than an attorney appear on behalf of a corporation in a Court of Law, as many ethics decisions have found that to be the unauthorized practice of law in many jurisdictions, and it is not a good idea from a legal perspective if the other side lawyers up. 

If the current condition of the 2nd unit is habitable, spruce it up and reach out to a program( Not Section 8, but a program that offers housing support), sign a corporate lease for income stability.  

YA up here in the NORTH Country,, we have probably more really cold weather issues.. so familiar with the headache of " ya my light isn't working so can you send an electrician'' or I've go no hot water... or ya its cold in here.. in a complex I used to manage where the people had shut offs and corporate office wouldn't let us at the branch sites know.. they got shut off notices.. 

Scott McMillan True definately need to consider it,if i ever plan on getting a corporate job.Ceasar Rosas I never really explored the bronx but definately going to give it a look.Eric LiDmitriy Yeshin Im looking into nj as my first investment since i have a starters budget and nyc is on fire.So if i find a condo in nj that i want to rent out, to get a loan do i need to do the 20 percent down payment from a bank for a commercial loan since its a property for business.Second i dont have w-2 tax returns since my business is mostly cash,Would i have a hard time getting say an 80k loan even if i have a 25% down payment.

I have a full-time job that supports us so flipping is extra income but eventually, I'd like to leave the corporate world via real estate investing.

Depending on your present wealth you might need to form some sort of corporation or a LLC to help you personally.Track everything you do to help you control your expenses and income to help you grow.