In the book, it discusses starting out establishing a corporation for yourself, as a corporation is nothing more than a file in a desk, but the benefits and tax savings can be massive.I have heard a lot of debate between deciding between an LLC vs simply insurance, but are there really benefits to starting a corporation for yourself, or is this part of the book a bit dated?

It typically takes years to really establish yourself in the commercial real estate brokerage business, so you'll have be comfortable with that if you choose that route.If money is no object, both will provide good learning experiences. 

Here's the complete list of bank failures since 2000:https://www.fdic.gov/bank/individual/failed/banklist.htmlIt's not banks - but the credit markets aka corporate bond market that is in turmoil and present a real danger:https://www.cnbc.com/2020/03/12/bonds-the-credit-markets-are-signaling-that-a-problem-is-afoot.htmlAnd, despite all the lessons and regulations stemming from the global financial collapse in 2008, derivatives are still way too dangerous and could create another crisis:https://www.bloomberg.com/opinion/articles/2019-04-10/derivatives-are-still-too-dangerousThe financial markets are complex; interest rates, cash supply, and bank health are not the issues. 

Also, what are some best practices to utilize texting and RVM while remaining compliant with FCC regulations on telemarketing?

Kidding-not-kidding...On a more serious note:It looks like the East Coast is all about "omg shut down night life, all establishments must close at 8 pm."

That said, we just depleted a great deal of cash this past month due to establishing 3 additional LLC's and having a few closings, one being a commercial LOC.

If it is an established HOA, I would think it would be better.

I established a great relationship with the owner.

I'm worried about the liabilities that could come with this before I establish my LLC in the future.

Haven't heard anything yet about state or local government ceasing the ability to collect rent but I did see that the City of Los Angeles has established a moratorium on evictions due to COVID-19.