@Donald ShaverWhen an IRA incorporates debt financing for investing in real estate, this will trigger unrelated debt-financed income tax.

For instance no debt may be incorporated and the purchase must happen simultaneously, to name a few requirements.

I work a full time job in corporate finance and have about $20,000 I would like to invest in cash flowing properties. 

4) Once you know the "why" behind the sale, incorporate it into your offer.

Which is why we're also thinking about incorporating in Nevada and and doing business in CA.Any advice and feedback on what we should do - or what we should also take into account - would be greatly appreciated!

I have been a licensed real estate sales agent for about a year and before that I worked in corporate property management of self storage facilities, urgent care facilities, hospitals, and office buildings.

It’s astounding what a year of no snow and super pleasant winters can do to your mind :)My background is in corporate finance – complex financial modeling, valuation and strategic planning i.e. good at all things analytical and do that for a living.

Now an LLC that will have multiple-members, a board, shares, etc (setup like a corporation) may pax its own taxes, and therefore folks try to incorporate in Delaware, etc.Start off by creating a single-member LLC in your state, pay the annual certificate fee, get an ITIN from the IRS for that LLC, all on LegalZoom for whatever basic package they charge.

I agree the "opportunities" only have a specific chance of succeeding so you would incorporate only the possible value of it succeeding.

How have you incorporated your significant other into investing?