We did the Articles of incorporation, Operating Agreement, filing, etc ourselves, BUT (and it's a big but), before we filed, we ran it through a lawyer who charged us $150 just to browse over it and make sure it all looked good.

If you have a negative cash flow before depreciation, then you have a liability for your DTI calculation.For most lenders, this is how rental income is incorporated into DTI.

@Mohammad ForoHave a chat with your accountant before doing anything.Here in Canada, it is fairly common to incorporate a dedicated holding company for the sole purpose of holding a larger property.

I imagine many large brokerages are incorporated and have a legally registered name that ends with "Inc," "Corp," or "Corporation."

I wonder if I would be fine doing my first wholesale deal without being incorporated.

I figured to avoid that do one deal n incorporate...this was my reasoning behind incorporating early..is this and issue at all in the beginning..is there's cut off to the amount of deals that can be done

Do you have this incorporated in your lease or just verbal?

Then network, network, network and whenever someone asks you what you do, incorporate that elevator speech (without being to pushy) and you'll catch some people's interest.

Once they have their vision and strategy articulated, they should sit down with an accountant and attorney who are well practiced in real-estate and plan the nuts and bolts of how to organise .... when should they incorporate (if at all); will they need/want a multi-layer corporate structure (sometimes it is advantages to incorporate large buildings in their own company); will a trust ever be needed, etc.  

Whatever it is right now..  5% down on owner-occ Homepath SFH (as long as it has the Homepath financing logo on homepath.com .