Hey BiggerPockets community,I’m currently working a full-time 9–5 job, but my long-term goal is to grow out of corporate life and build a career in real estate investing.

That analysis will compare whether it makes sense to remain as LLCs, elect S-Corp, or even consider a C-Corp.

The key is finding places with year-round demand drivers (universities, hospitals, corporate hubs, outdoor recreation, etc.) rather than seasonal tourist spots only- Cash flow vs. wealth building.

You may need to revisit and do this two, three, four times...your face will be scorched onto the salepersons' brains and when corporate gives them an edict to sell a certain amount by a certain time, or offers them a bonus to hit a certain goal, even if it means being generous with the hold-out (every community has one or a few), you'll get that call offering a concession.

These types of jobs cannot be performed with just a Tracking Number.Steps to Apply for a Tracking NumberWhile the process can vary depending on your company structure and insurance coverage, the general steps include:Application Setup – Provide accurate business details, insurance, and qualifying individual information.Supporting Documentation – Submit proof such as insurance certificates, corporate formation papers, and background checks.Compliance Check – The DOB verifies that you have active insurance coverages, no outstanding DOB penalties, and valid business registration.Why It MattersIn New York City, construction permits cannot be issued without a valid General Contractor Tracking Number.

Appreciation potential is definitely strong given the population growth and continued corporate presence, but cash flow can be tighter compared to more affordable metros.

Instead, you get:✅ Higher cash flow than traditional long-term rentals✅ Lower vacancy risk compared to short-term rentals✅ Reliable tenants like traveling nurses, corporate relocations, and digital nomadsIt’s the best of both worlds: less stress, consistent income, and tenants who value a well-maintained space.I coach investors and landlords who want to start or scale their midterm rental strategy — from setting up your unit, marketing it on the right platforms, to building a sustainable system that frees up your time while increasing your returns.If you’ve been curious about MTRs or want to know how it could fit into your current investing strategy, let’s connect.👉 Drop a comment or DM me — I’d be happy to help guide you through it.

One of the last few comments I made on an aspiring investor's post was on a 22 year old who started his first day on a corporate job and hated it.

We are the best place for 300 miles where you can hosts major sporting events, festivals, concerts, shopping, and large corporate gatherings. 2025 - 50 STR/MTRS units managed & owned.

When you finance under a LLC, the lender must verify corporate authority, which is not the big of a deal at closing of a purchase or closed end first or second mortgage.