So the big question is SHOULD I INCORPORATE OR NOT?

Generally, you can have one incorporation in one state and then do business in other states without incorporating there.

Rates have been coming down already to date, maybe early 2024 you can look at refi this place at a slightly lower rate, get what's left of that roof loan incorporated into it plus a little more to cover other expenses.

Does anyone know a bank will incorporate 321 with physician loan in IL? 

Incorporate your business.

Incorporating different sourcing strategies should be a priority for investors as it increases the likelihood of uncovering attractive investments.On-Market Properties for SaleThe most common (and competitive) sourcing method is to analyze properties being marketed for sale – this channel offers easy access to the approximately 1 million homes listed for sale at any given time on the MLS, and reposted on sites like Zillow, and Realtor.com, to name a few.There are different ways to execute this method based on your objectives.

Then when incorporating the subsidiaries, specify the subs to be wholly owned by the holding company and list holding company as the owner.

Some of you folks who have been doing this for a while can look in the past and use actual data so that you can incorporate actual repairs and actual vacancies.

At the moment, my main focus is on finding a qualified contractor who could provide a comprehensive quote for the various issues that have been identified throughout the house.I have a few specific questions that I would greatly appreciate insights on:Is it a requirement from the FHA to address these issues prior to finalizing the loan agreement, or is there an option to incorporate the repair costs into the contingency and have them resolved after the closing?

@Austin Works There are different trains of thought regarding how many LLCs to incorporate.