I graduated from the Fisher College of Business with a B.S. in Corporate Finance.

How will this affect me if I "incorporate" or form a "LLC"?

If I can be of assistance to any of you please don't hesitate to reach out, my day job is in Corporate Finance so if I can help just let me know.

It is my understanding that you must first file for incorporation and then request a tax ID number.

If this is true, what would be the case if I incorporated and asked for a line of credit to use as a down payment on a property?

They don’t fix anything in the apartments that they don’t think needs replacing such as: broken dishwasher that leaks all over the floor, wood boards that are coming up from the frame but that are kept down with the carpet, fibers of carpet that are no longer in the threads so you can see the plywood flooring.

For guidance see DOL Opinion Letter 2000-10AIf TIC, here are some of the rules that apply:The percentage of ownership is determined by how much funds each party invests at time of the real estate purchase.All expenses and income are shared based on the ownership percentages.No debt financing can be incorporate under a tenancy in common (TIC) transaction; otherwise, the transaction will be deemed prohibited. 

These are not allowed in almost every incorporated city.

Garbage service is usually a flat fee and it's easy to incorporate the value in the rent.

I wouldn't depend on their high moral fiber to do the right thing.