If you are taking about dropping a million cash into properties each year, then yes you are going to want to have some type of reasonable corporate structure, but if you're talking about 25% down 100 grand properties with bank notes, all you really need is some decent insurance.

Does that include covering your (future) retirement needs, health care costs, all other corporate benefits?

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Originally posted by :We each put 50k into this business, got a corporate CC and LOC for a combined total of 28k and went to work.  

What is corporate going to make them do..

This is what giant corporations do (sometimes) with their excess cash...

I'm thinking about starting a corporation and building a seperate credit line.

And that is a "perfect storm" for the giant sloth of corporate consolidation who is too slow a rambling titan too innovate, they regurgitate. 

Quote from @Henry Clark: Having been thru the corporate world, I came to understand wanting to be financially free, in charge, reaping benefits beyond salary which was good. 

Also, Ohio does not allow "piercing the corporate veil" unless you commit fraud or a crime.