Should I incorporate in the state I will own and rent the property in as a single member LLC?

Did you incorporate and buy the properties under the corporation, or under ur personal name?

You're basically opening up an insurance brokerage at that point.You could incorporate a "captive insurance" tactic to save on taxes and provide insurance.

IF this true, then I would advise against buying an existing property and renting with all that entails and specifically against investing in the US as there are a number of complications / overheads (incorporation, taxation issues, etc.).If you are convinced that local (or places you know) real estate will continue to appreciate buying a 'pre-sale' unit is not a bad idea just remember to account for the tax consequences when you sell as this will NOT be your primary residence. 

On top of this full-time job, she also works 10-20 hrs online as a graphic designer and she runs her own eBay business reselling clothes.

Can you do accounting, graphic design, perform acupuncture, maintenance?

Owners will likely not accept anything less than full asking, or somewhere near, I have included graphics for four different scenarios though:But essentially - is it worth buying a property if it "breaks even" to gain the equity over time?

.  :-)Also, here's a thread to give you ideas of things you might want to incorporate in your rehab.  

Check out Commissions incorporated...aka CINC.

Is incorporating a way to avoid any negative changes to the plan from a home ownership/investing standpoint?