@Dale Thomas  pre tax sale is an excellent opp.. to acquire or build reporte'.it reminds me of this one couple when I was buying courthouse steps properties.roll up they are out on the front porch sitting in their easy chairs..

I have been following this trend from the first time I went skiing at whistler in 1985 and rode up the chair lift with a young couple who said the hong kong Chinese were causing prices to go up and they were going to wait for the prices to come down..

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. 

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?

Units are about 200-300sqft and I'm thinking about putting in a tiny kitchenette, a breakfast table and chairs for two, and a murphy bed, and TV. 

How will this affect me if I "incorporate" or form a "LLC"?

Why didn't I continue to invest in real estate and instead keep working in corporate america? 

During this period, I was an executive in corporate America making a 6 figure W-2 income. 

If you incorporate or form an LLC you will increase your legal protection, lower your audit risk and probably save self-employment taxes.

Everyone is different, but one of the hardest things I found was adapting to an unstructured life (working for myself, at home, as compared to decades in corporate life); it still is a challenge to an extent.I look forward to receiving your wholesale deals; I buy in Orange, Lake, Polk, Osecola and Seminole.Go forth and crush it!