I too thought I needed to get incorporated, get a business account, etc but I was reminded that I need to make some sales first! 

also perhaps i have more companies that i created. you never know that. and just because my name does not appear as the incorporator on the secretary  of states site, does not mean that i dont own the company. 

Additionally, FHFA Advisory Bulletin 2014-06: Mortgage Servicing Transfers provides guidance required for participation in their programs.12 Baseline Standards will incorporate both sets of guidance, including these general principles:  Maintain policies and procedures that are reasonably designed to achieve the objective of facilitating the transfer of information during mortgage servicing transfers;  Implement a post-transfer process for validating data to ensure it is transferred correctly and is functional, as well as develop procedures for identifying and addressing data errors for inbound loans;  Organize and label incoming information, as well as ensure that the transferee servicer uses any transferred information before seeking information from borrowers; and  Conduct regularly scheduled calls with transferor servicers to identify any loan level issues and to research and resolve those issues within a few days of them being raised.

I am an investor and rehabber, I have personal investments in residential, but I currently work and have worked in corporate America for 10+ years in commercial real estate (I am currently the Controller for a pretty well known Brokerage/Property Management/Insurance group in Pensacola) and I love my "day job", but rehabbing commercials properties is where I am headed.

Perhaps  I will make it available someday for review by a select few so that they may incorporate some of the layout, ideas, and features needed to get a bigger deal consummated. 

The additional fees associated with incorporating/forming versus the hassle of having your LLC registered is way much easier, so we are talking about few hundred vs time+risk.

I'm not sure they will cash flow positively, but you do have high demand in southern cal, so depending on area it may be a good investment for holding for a shorter period of time - say 1-5 years.Without knowing anything else about your situation, such as your true experience in construction, knowledge of surrounding areas, the assets you have available to use or your local team, I would just say that you may be able to do both.Lastly, if a company makes things sound super easy - like you have no work to do as an investor and sit back in your easy chair waiting for the rent check to come in - you need to slow down before buying.  

The first line of my addendum reads: "This Addendum incorporates by reference the P&S Agreement between the Seller and Buyer dated ___, and should any inconsistency exist between this addendum and the P&S Agreement, this addendum shall control." 2 Critical Terms to My Addendum:1) In California, the standard P&S Agreements / Offers Forms contains language that an assignment can only be made if you get the express written consent of the seller.

I need to create a LLC for my real estate flipping/investing work and need to decide where to incorporate? 

I've enjoyed the podcasts on this site, and plan to incorporate real estate into my long term plan.