I'm a licensed Realtor, although I haven't been practicing as I've been enjoying a stable life in corporate finance; but ready to change gears.I've recently noticed a moderately dilapidated property that doesn't appear (by all standards) to be occupied.

Would it be in my best interest to incorporate( let's say with an LLC)?

(if he wants to control when earnings are repatriated to Canada, then he's looking at incorporating an entity in the U.S.)The best advice for him is to jot down his situation and objectives in point form, then find both and accountant and attorney who have cross-boarder business and real estate experience and spend a few hundred dollars to find an ownership structure which fits his immediate needs, but that will grow with him, or can easily be transformed to meet is longer term objectives without creating a nightmare of taxable events.

Of course they incorporated a pitch for a three day intensive training, but nothing too far out of line.

California costs $800 per year to incorporate to a LLC while states like Nevada and Delaware, etc are much cheaper.

Stay in corporate America.

How are you writing-up the addendum to the lease, what terms are you incorporating into the addendum about paying back the balance of the rent?

He does have a good eye for design elements ect, so we'll probably try to incorporate enough of that into the deal to qualify him as active.All the best! 

Additionally, typical loan sale contracts do not carry escrow provisions so most of the time you would have to create a whole other contract which incorporates the escrow agent and terms of release of payment and collateral, etc.  

Hi, I am part of a group that owns a multi-story office building in the Lincoln Nebraska CBD.