It's just a good idea for them, but for me, its contractual stipulation protects me from any claim from my tenant in event I'm sued for losses from some catastrophic or other events that causes tenant losses. 

Even if there are you will not get a deep discount..Corporation definently will give you asset protection.

A good agent will help you price the home, represent, protect, negotiate, take the emotion out and move you smoothly to closing. 

An LLC could also potentially help with asset protection.

But information like this is critical for investors in developing strategies to protect ROI and plan future acquisitions that will offset any downturn experienced in another market.  

Plus he owns an insurance agency so he really understands how to protect clients from both a legal and liability standpoint. 

In Chicago, it is important to understand the housing laws to protect tenants. 

We had a termite inspection done last week and while there were no signs found of "active termites", we certainly want to make sure we have protection moving forward so will need to get a termite warranty/bond, which is likely in the range of $600-$1,000.

Not only will it be harder to identify expenses you could have deducted, but it will also make it more likely that you get audited by the IRS.Protects your liability -- If you’ve registered as an LLC or corporation in order to limit your personal liability, your personal assets are generally protected if anyone tries to come after your business.

Get a RE attorney to make sure you are protected in the contract and no matter what the seller says about the upkeep, do ALL inspections and do not give anything away because you think they like you and you like them.