My understanding (the way it was explained to me), is that the law was changed to prevent slumlords (not saying you are at all) from hiding behind a corporate name and PO Box.  

If you can think about what I buyer is needing and cater to that you'll find it easier to build your business.

After many years in large corporate CRE & residential finance I am ready to build my own portfolio and be my own boss.

One of our main goals is to get out of the corporate world and become financially independent doing RE.

I'm a newbie and just bought my first rental, 3 bed/2 bath class B+ neighborhood catering to families.  

Case in point, in the corporate world I left, unless I "needed" to do something, I was not willing to work nights and weekends towards the end of my career to be the best because at the end of the day, it was a job and not a passion anymore.  

My wife and I hold "corporate meetings" and discuss the properties and keep records.  

I am against having anyone other than an attorney appear on behalf of a corporation in a Court of Law, as many ethics decisions have found that to be the unauthorized practice of law in many jurisdictions, and it is not a good idea from a legal perspective if the other side lawyers up. 

If the current condition of the 2nd unit is habitable, spruce it up and reach out to a program( Not Section 8, but a program that offers housing support), sign a corporate lease for income stability.  

YA up here in the NORTH Country,, we have probably more really cold weather issues.. so familiar with the headache of " ya my light isn't working so can you send an electrician'' or I've go no hot water... or ya its cold in here.. in a complex I used to manage where the people had shut offs and corporate office wouldn't let us at the branch sites know.. they got shut off notices..