I'd start with the County and ask them what you can do if its not within an incorporated municipality.

I was sold in being incorporated and yes it's supposed to protect you as a person is what sold me HOWEVER when one of my managers got wrapped up in a frivoulous sexual harasment lawsute the my corperation got sued, the mangager was sued personally and I was sued personally SO I had to defend me the corp and the manager!

Ask what he's looking to get out of such a financing arrangement and make sure you incorporate those with rock solid legal documents included to have it be a win-win for everyoneIf your concern is tying up rehab budget, communicate this with him to come up with as little down as possible.

I will definitely incorporate this from now on.

Your end goal sounds great, considering our age and situation is not much different being in corporate office.

My thinking is that usually with a mortgage you see the interest paid as a single entry and that entry on the statement is the only asset covered on the note and easily transferred to a tax return but if Kyle uses his HELOC like most and on same credit line, he pays for CAPEX or repairs before he has a separate account built for those items from proceeds, what added measures might he have to incorporate into his plans to avoid red flag audit by ensuring his records reflect the proper amounts? 

They have bi-monthly property tours where investors open the door for you to invest in their current projects without assuming the full risk of doing a fix and flip yourself.Since being a member of this new program, they helped me to become incorporated in less than a year with their in-house CPA, I learned how to raise my credit score (and actually got it up to a 784!)

You would want to find out if the condo was incorporated for this use, or what use--single family occupancy?

My background is graphic design and marketing.

My day job is in corporate finance, and my wife works in corporate accounting.