When you need articles of incorporation or something more specific later, you can get an attorney to draw those up, but for most people on here, they are just trying to get it open and get an EIN.

At minimal the personal loan would be incorporated into your debt to income ratio when you apply for the financing on the purchase if you were trying to qualify on a full documentation loan. 

That’s why so many of us took issue with the statement of educating the seller to not disclose to the bank. yes Yes YES, EXACTLY!!!! 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Meanwhile, I am educating myself on REI and analyzing deals for the next year.I am looking to find a mentor who has carved a path in multi-family & commercial real estate to help build my confidence and investing skills.I am also open to finding partners in the area to go in on deals with.

The time you want to use a new lease agreement or an addendum to reflect new terms and conditions to the original lease is when you have changes you want to incorporate into the new tenancy.

Additionally, incorporating automated data entry software can greatly enhance the efficiency of these accounting systems.

I recommend you incorporate some of these and start systemizing your portfolio as early as possible.

It's the cheapest way to get into real estate investing and is a good opportunity for education.

Learning the LLC rules and educating yourself is extremely valuable and costs almost nothing, but a little time.