I have heard the best way for someone in real estate is to form an LLC versus incorporating.

I currently work in corporate America, although I love it, I have the urge to start pursing my dream.

Years ago, contractors are normally incorporated, but nowadays, LLC's had gain popularity. 

This is a value add play, which incorporates a bit of a flip strategy, but still allows you to have income while you implement your plan.

Obviously I've incorporated the remaining balance (which I still need to verify) in the asking price along with my spread.

The idea is similar to modern day pioneers looking for an area to build a new home in a better environment than we are currently in.My question: Does anyone have any suggestions as to how we could incorporate this lifestyle with building a real estate portfolio? 

Incorporate your daughter into the investment/management process which is going to help her. 

If you are in an incorporated city, there is likely also a city tax.

Have an attorney draft up the incorporation papers and partnership agreement,  Talk to your CPA about tax issues and best structure for your business plan, and have attorney transfer title of properties to LLC and put both investment properties in the LLC.

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