Between operating as a practicing agent and buying investment properties I know I need to form an LLC or incorporate.

I have done a lot of research and have realized it's best, specially for tax purposes, to incorporate or set up LLC.

If the Buyers need more time beyond (date) to close, there is a penalty of $100.00 per day.5: Possession: Seller shall deliver possession and keys to Buyer when all moneys due are paid in full, which shall be on or before COE, (date), 1:00 PM.6: Loan status Report (LSR): The LSR, with at the very least the Buyers’ loan information section completed, describing the current status of the Buyers’ proposed loan, is attached hereto and incorporated herein by reference.

Hi @Emilio RLots at that price are not in the incorporated limits of the city.

In reality probably very few of those deeds even reflect many of those Jan-May 2014 petitions (Which incorporates the first few months of the 15 month year over year petition spikes) so I only expect more and more places to get taken back.I expect to see REOs continue to increase every month for a while since we are now at the point that this LONG period of big petition increases will get to the point where final auctions will take place.I should also point out that I also look at the local price trends in a lot of communities as I have been putting a lot of market reports on my website and I see lots of price stagnation and even lots of regression.  

For rental, I would consider incorporating in another state, since you are already out of state for the one rental you have.  

If I acquire a house under contract do I make my money by selling higher than the value of the house and collecting the profit or incorporate a reasonable standardized fee?

Has your business made at least 5,000.00 monthly sense you incorporate it? 

The previous agent was really lacking in this department, so instead of continuing to rely on an agent we'll look to incorporate some of these ideas ourselves.

That is why you always have an attorney help you with incorporation; to explain all the little nuances.