I'm in Ontario.I'm not incorporated.I see 2 main potential benefits to incorporating (I'm sure my accountant knows more): 1) tax advantages and,2) limited legal liability.LEGAL LIABILITYI prefer to minimize risk through insurance instead - mine and tenant's.I've only been investing full-time for one year so I'm not perfect.  

Maintain high productivity with minimal supervision and achieve deadlines without being micro-managed.

@Daria B. the costs were minimal, under $500 including changing the locks which I would have done regardless.  

Does this mean that if a Property is Insured, that there is minimal repairs that are REQUIRED to be down... under $5,000 worth of repairs needed, based on the bank sending out an inspector/appraiser , and them giving it an Insured Passable grade ?

I see dark areas on the walls and am thinking "mold".

This is not to minimize your impressive TK sales accomplishments, but lets face it....if Cali was not doing so well in RE....you could have much less business as you noted.

No one, especially the ladies, likes going into a dark and dingy basement.Put LED lights in interior fixtures.  

In addition to having some extra money at the end of college, he learned how to take care of a house and although he is not pursuing real estate investment now, he is more prepared than most.I am currently in a similar situation (graduate student with a minimal stipend).

Plus, if you try to escalate rent too much on an existing tenant, you stand a good chance of losing that tenant...a good thing if you're trying to get rid of them, but bad if they are a great tenant.In the last 24-months property prices have done nothing but increase, driven by both a recouping of the lost appreciation from the dark days between 2008 - 2012 and an overall lack of inventory.  

A few reasons I don't like the listing you linked to (or similar properties):Neighborhood is rough (I wouldn't want to be there after dark)Leases in that area tend to be month to month (high turnover)Security deposits++ likely eaten up with each tenant turnover Requires property manager (don't want to deal with that tenant profile, even if I had the time)IMO this is a D property due to the location and tenant profile it will attract, and I prefer A and B properties.