2) If a property needs to be updated (ex: new floor, paint, fence), how should I go about incorporating language into a deal that allows me to make the updates I need while providing me with the proper protection financially and operationally?

You don't have to actually incorporate to file Sch C.

I am creating an updated F.I.R.E. board game that is going to incorporate all of the modern strategies to reaching F.I. that we know and love like: real estate investing (BRRRR, Wholesale, Flips, etc...), Index fund investing (think the 4% rule) and the wonderful "financial runway" strategy coined by Scott Trench.

@Dillon HutsellIt's by far and away the biggest life change you will encounter, but it will teach you a discipline that you take from your military life and incorporate into how you invest.

It has ceramic tile, I’m not crazy about it but the current tenant likes it and it’s fairly tenant proof.

I wish the fix/flip calculator incorporated a financing section that accounts for closing costs, down payment, interest payments, loan payoff, etc.

Obviously make sure to ask questions about how they would incorporate Real Estate into your overall plan.Ten Questions to Ask Your Financial AdvisorBest of Luck!

I am creating an updated F.I.R.E. board game that is going to incorporate all of the modern strategies to reaching F.I. that we know and love like: real estate investing (BRRRR, Wholesale, Flips, etc...), Index fund investing (think the 4% rule) and the wonderful "financial runway" strategy coined by Scott Trench.

Maybe incorporating the property to do so... 

2) Am I wasting my time by incorporating referral income to my real estate business?