If your incorporated you have much greater protection and they might not bother you as much.

Two sidenotes: - when I talk about ARV below it means purchase price + rehab + forced appreciation- this person made a blog post about the same borrow from LLC idea as you noted when purchasing with cash https://www.biggerpockets.com/... but I think his note is a bit more explicit about how you can leverage it to incorporate the estimated ARV (including forced appreciation) for LTV... it's in your post too but for a n00b it's harder to see it without reading it several times, getting more educated and coming back to your post again before one sees it more clearly"I'm no expert here - so the following is my current understanding and I could be wrong.

I also don't know if they offer that service in the state you wish to incorporate in. 

The articles of incorporation will be mailed within a couple weeks, depending on the state, or it'll be posted online.

I'm a bit confused as some lenders incorporate prime, others use 1-year treasury and others are offering a fixed rate...This will be my first HELOC.

before I get into the meat of my questions I will say that I’ve been flipping, building, lending since the 90s, the possibility of incorporating technology has always fascinated me.

It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for last year's taxes, or is that money somehow now incorporated into my taxes at all until I sell the property?

Incorporating in the beginning isn't that big of a deal unless you are working with partners.

But if you do the math and incorporate cash flow, paydown, leverage, and depreciation, I'm sure he's making at least 12% IRR.

At which point , do I need to consult with lawyer , assuming LLC incorporating is done?