Daniel,Your friend should check the local laws in the state in which you want to incorporate given you are not an American citizen.

@Darian Richardson that does not include fees to incorporate or state annual filing fees.

Is it just because you could potentially mitigate potential damage to yourself by incorporating more names (and therefore more assets) for the bank to pursue?

But I do have an Internet company (rentals related) that is incorporated in Canada of which I do my taxes yearly.

The tenant wants to be able to contain future costs and treat the house like it is his/her own.There are certainly ways to structure a lease which incorporates the basic features sought.

It’s always a good idea to incorporate any business for liability reasons and tax purposes.

Eventually my income will likely be equally distributed among rental income and self employment income (another unrelated business that I will likely incorporate with non-US citizen partners).Btw I'm also interested in investing in and spending some time in Montreal in the next few years.

Now, like Brian mentioned you might incorporate a purchase into your flipping strategy.

I'll definitely incorporate a lot of what Chad writes about in my business.

Is there any tax benefits in having a LLC incorporated in Alabama with local address for real-estate taxes?