I invest entirely out of state, which has been profitable, but want to incorporate our personal residence into our longer term financial plans. 

For example, the dining room table would be a rustic wood with white or black chairs or maybe the table across from it.

So I've heard several presentations at my local REIA meetings and I attended a Section 8 class in the city of Philadelphia where the housing authority also encourages homeowners to incorporate home visits in the screening process.

What if you incorporate?

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

It should take 3 things: Articles of Organization/Incorporation, OA, and EIN. 10 minutes if the person that does them isn't asleep at the wheel.You can use Cozy.co.

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.

It arises from investors that treat income properties as a passive arm chair investment.

The longest I remember which is what all my transaction records is 7 years, there are 1 year and 3 years, but I told my bookkeeper to keep everything for 8 years (except those that need to keep permanent like incorporating papers, EIN filings, etc) to be on the safe side.