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It is actually really simple to incorporate yourself or form an LLC. It's the same as any other business. Basically, if you have $50,000 you want to invest, you put $50,000 of seed money into the business. Then the company would purchase the property. You have to treat the company and your finances totally separately.
There is a book, called "Inc. Yourself" that I purchased recently that described the process and is pretty good at describing your choices. They claim that if you make more than $30,000 a year it makes sense to incorporate yourself. I don't know if I buy that but I understand where they are coming from.
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