@Dennis R.C-corps usually are not the best choice for small business owners due to the double taxation and transferring title out of the business (eg: refinancing).Here is an old (but helpful) thread from some time ago. https://www.biggerpockets.com/forums/109/topics/78305-how-did-you-incorporate-c-corp-s-corp-llc?

@Kevin TotlandNotes and tax liens are popular with that kind of balance.

I'm guessing everyone would agree that it's a smart choice to sell the condo?

If you can't afford a duplex then your next choice would be larger style 3 br home and rent out a room or 2, and still live in the house yourself.  

Contrary to popular belief, my parents don't want to kick me out and lock the door like some people may think, Ey?

Make your choice.

Is this still a good choice?

If you can't handle the responsibilities you should reconsider your choices.

Hartford, Travelers, Liberty, etc...) you should have multiple choices for who to deal with- look for an agent that does both Personal Insurance and Commercial Insurance (especially if you plan on doing any flips or renovations)- look for an agent that already writes a lot of what you are doing (apartments, flipping, etc..)- If you will be using a local realtor, property manager, or CPA see who they recommend- If you are doing any renovation or new home construction check for a local Building Contractors Association and see if there are any agents affiliated.

It is your choice to set your payment requirements, regardless of your choice it is always the tenants responsibility to insure they have delivered the payment to you by the due date.