. ;)I spent 23 years in corporate America and hired many people.

Technically this wouldn't completely halt the planning if its true as we were looking to incorporate in Nevada, but, we are hoping if someone can give some insight on whether or not its absolutely essential to get that corporation started first, and if you could offer the pros and cons of holding your property under the corporation.

Please know that, by law, you are obligated to issue 1099Misc tax forms to each and every handyman/contractor you paid more than $600 to (in a given calendar year), UNLESS they are an incorporated business entity.

I worked in corporate America for 10 years after school, never earning more than 60k per year dealing with office politics, favoritism, and having bosses tell me I was never good enough.

Key issues for us is minding the potential for medical malpractice reaching our assets (through sufficient insurance and proper incorporation) and finding ways for me to qualify as a real estate professional to maximize our tax benefits to offset hubby's income (if possible).

I incorporated the cost to pump the sewer into the maintenance allocation since it is a biannual expense. 

I never liked to incorporate things like that into business projections for other industries, but the real estate and housing aspect of it makes this situation different. 

Ty usual begin by handing an owner their card with R logo as a Realtor on it or the name of their RE company, you need a license to manage properties for the public or other owners.

It is mainly a blue collar community.Saratoga Spring was incorporated in December 1997 so most of the homes are new and when they where built the land was cheap so the builders mainly built large single family homes 5-6 bedroom style.

However, having separate LLC for each property seems like it would create an excessive amount of administrative duties and costs since each LLC requires various filings depending on the state of incorporation etc.