And the correction will be triggered by outside forces affecting real estate (corporate debt, student loan debt, international policies that affect outside investors, trade wars, etc).  

I’ve dealt with both short term rentals and hotels (franchise, corporate, leased, owned) The challenge is that you have no control of the building.

He's just so burnt out and wants a corporate job.

Then, find a partner and/or mentor that complements your skills and partner with them.

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

I am currently stuck in corporate America Monday-Friday and really trying to swim as fast as I can to get out of the rat race.

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

Here is an article breaking down the different filing statuses of common companies/corporations, it might help you when approaching this issue.Definitely get a good attorney in on the deal to advice you and put the legal pieces together correctly!

At what point do you guys start putting properties into corporations? 

However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.