Incorporating before investing?

I agree 100% with rich. You should never, ever own RE (unless it's a personal residence) without a proper et protection strategy. There are many things to consider when forming an LLC. Your method of taxation, state of origination, operating agreement, and other things. A properly created LLC can be a huge benefit. I consult with RE clients every day about proper LLC formation and et protection strategies. Let me know if I can be of istance.