Have any of you ever had to create a condo corporation?

@Paul Kennedy  You.should be able to find the Inbox under Notifications and the create a message there.Currently, I have one rental in DE.

I agree w @Steve Hall--create the "Ng Family Trust" and have your parents sign a deed into trust, placing  the property into the trust. 

If you can only afford a one bedroom condo then put up some temp walls or create a wall with book cases, etc in the living room and turn the 1 bedroom condo into a two "bedroom" condo with no common area, then get a roommate for the actual bedroom.Then in about a year or two, rent out the condo and at that point maybe you are ready to qualify to buy a house that's in a good neighborhood and then you move into that. 

Trusts create this anonymity by removing your name from public record.

Without my knowledge, he was taking the draws to pay himself and not debts he created with this project.

What I wrote above does not create an attorney/client relationship between us.

How much value had been created.

The equity should allow you to buy a cheaper house and rehab to create some more income then pull equity out of that house and find a renter for the 2nd house at the same time.

 What strategies would you create from this information?