There are a lot of builders and a lot of new homes for sale, but I'm going to try to set mine apart slightly by incorporating my knowledge of all things technology.

Polling investors with properties in North Carolina - do most of you incorporate your LLCs that own those properties within the state of North Carolina, or do you opt for an REI-friendly state for your LLCs and file an additional return in NC every year?

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.

Also The Millionaire RE Investor is an excellent book.Were you looking for a template for the narrative portion of a plan, too?

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?

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.