Most personal insurance companies max out on rentals before 7, so if you continue to grow, you will need to incorporate a commercial policy one way or another.Lastely, It is possible your current agent does not have access to additional commercial options that could be more competitive on the pricing. 

Note that UDFI-a type of tax-applies to IRAs that incorporate debt financing for investing in real estate.

Wanted to get some advice on how to do it.Do I need to incorporate it in IL or in CA.

New to the real estate profession cash flow is not what it used to be when I was in corporate America.

Otherwise, if you have an idea how much the electric is going to be for the whole year, adjust the rent accordingly, meaning average the cost over the 12 months and make sure your rent incorporates that.

Personally I am a fan of powerpoint because it is easy to incorporate multimedia.

I’m thinking I can just customize different templates to create my own.I have an LLC and test I was the registered agent and there are articles of incorporation, but I need to revise everything to fit what my partner and I are doing with this Flip.

If you are afraid you won't have a chair - you are over leveraged!

Or should someone get a couple of deals under their belt before incorporating?

I was an executive in corporate world (Dell), then decided to spend time with the family.