However, do stay with the LLC entities, maybe with a managing LLC, or do you incorporate at some point?

- Ideas for Features we could incorporate - Quirky things or ways to make it better.- Any other thoughts.

OR one thing you could do - get on of the Ugly ones and do a 203K loan - which is a government backed loan that allows you to incorporate the fix up costs into the price you pay for the property.

I also am finding myself in this vicious cycle of learning what I need to do to build a successful business, but not having the resources to do the simple marketing, incorporation, etc., necessary to secure a deal, which I can then JV on or wholesale to build capital, to then build rapport and be taken seriously by the industry at large.

Meaning it doesn't exist separately unless you elect for it to be treated separately.An LLC can be taxed as an S-corp, C-corp, sole proprietorship, partnership, association, etc.I would not worry about incorporation yet because Illinois is expensive to do so in.

Ive read you can do it if you keep the articles of incorporation vague.

I am going to incorporate this mindset into every deal that I come across and hopefully make a smooth transaction.

If so, why not incorporate the terms of a deed of trust and use a trustee to follow as a foreclosure under the same terms as if it were a note and deed of trust?

Any future claim would be on your watch.I'd never have any repair or maintenance agreement incorporated into a lease.

The filing exemption only applies if assets are less than a specified dollar amount ($250,000) and the plan provides deferred compensation solely for an individual or an individual and his or her spouse who wholly own a trade or business, whether incorporated or unincorporated.