So if you don't have a business license or articles of incorporation get them TODAY!!!

Like Elizabeth, I have a full-time career and incorporate real estate as part of my long-term financial strategy.

@Stan Yen Is that estimated gross income (EGI) number actually gross income (e.g. based upon real financials (3yr average) or a vacancy allowance has been incorporated) or is it really scheduled rent?  

Currently working to incorporate physical mailings into it quarterly as well.  

I am incorporated and purchase all the properties in the company name so i guess i could pay myself on a W@ type basis for this kind of arrangement but ji wonder if anyone else is doing it this way.

Since you don't have any assets yet, I wouldn't worry about incorporating at this point.

I have been listening to the podcast for a quite some time.Here is my Situation, I incorporated a holding corporation in the Great state of New Jersey, and will purchase properties which need rehab work, and LLC them (so the corporation would be the sole member, correct me if I am wrong).Questions:1Does the structure said above provide legal protection as usual (a real person with many LLCs)?

How would that normally be incorporated?

Does it need to be a narrative or one based off of cap rate?

To get the replacement cost, your insurance agent should plug it into their modeling system which will incorporate square footage, catastrophe risk, etc.