Do you have to incorporate or put them in an LLC?

Yes, I began investing about 10 years ago while employed in corporate america.  

If so, how did you incorporate it into your flipping business today?

My day job is in corporate accounting and have been researching the opportunities in RE investing.

Yet, I'll incorporate it in this example as if I was the wholesaler).*** If we use the millennial method, we will be off 17%.

There are 5 of us and we are wondering whether it's best to get incorporated ( would that mean double taxed?).

(I'm not a lawyer)But I think, if you want to do get better asset protection, you'd need both properly setup LLC and also get an umbrella liability policy.For what it's worth, I set up my LLC for $50 to get my articles of incorporation, I have a simple operating agreement that I got from the internet and I set up a different bank account.

Assessments are done at the county level by the tax assessor, and at the Village/Hamlett level if incorporated (the two numbers don't always agree). 

They are both inspiring and a reminder that even though everything doesn't always go as expected that is also a learning tool for future success.I also love all the ways you incorporated partners and partnerships - even including your spouses (My wife and I often joke that there real needs to be a support group for spouses who work together!)

My goal is to acquire cash flowing properties as a way to supplement my primary career in corporate finance (FP&A).