For liability, he was correct for creating a corporation.

You can also diversify the same amount of money into many different properties across different real estate asset classes and strategies, which is much less risky than putting all your eggs in one basket (or just a couple of baskets).As a non-US investor, you may need to create a US corporation to invest in some of these, but I have been told by people who have done this that it is really easy to do and not that expensive.

It's all about the end game which is passive income once I retire from corporate life.From a borrowing standpoint, for the last couple of flips I moved straight into working with a local bank to develop a relationship on the commercial side of things.  

Hi, I own a property free and clear under my corporation.

Hi, I own a property free and clear under my corporation.

Second is the corporate office is out of state and we communicate by email and rarely phone.

Well said and the thing is that they look at the past charts and say the market will do this or that but the truth is the market is unlike anytime before given the political and economic climate sure we are over due for another downturn but the economy (for now) is stronger than it has been for decades, corporations are bring back exiled cash and job growth is astounding.

Several tax advantages include: Capital gains placed in a certified Opportunity Fund will not be taxed through the end of 2026 or when the investment is sold, whichever comes first.Any gains are permanently shielded from taxes if the investment has been held in the Opportunity Fund for 10 years.In addition, for tax purposes, after seven years, the initial investment will be discounted by up to 15 percent.According to CNBC (link: https://www.cnbc.com/2018/10/19/investors-can-get-tax-breaks-for-investing-in-opportunity-zones-treasury.html), the tax advantages are summarized below: The proposed regulations clarify that only capital gains are eligible for preferred tax treatment.Investors who can participate include individuals, corporations, businesses, REITs, and estates and trusts.Treasury said additional guidance will be released before the end of 2018, with final rules likely to come in the spring.

You can run a "Business" as a "sole Proprietor" I suspect what you mean is "when do I create a separate entity, like a corporation, for my business?" 

it happens with airplanes as well. especially corporate jets.once you go down that road with minimum down and section 179 bonus depreciation it can cost you million or millions to sell the darn things.. so they end up having to trade up.I sold one of my airplanes in the crash and had to recapture about 300k but I had the loss's with the melt down on 08 09. so I did not have to stroke a check..