Title: Mine does not tilt, and it is difficult to level.
Product review: As a previous reviewer noted, even when using a level before drilling holes in the studs, when I hung the mount, it was not level. It took me 3 tries and 3 separate holes in my wall before I could get it almost level. Also, the description states that it has fingertip tilt, but mine will not tilt at all, no matter how hard I try. Otherwise, it does fold within 2 inches of the wall as described. I would recommend attaching the TV before attaching the mount to the wall as this helps with the leveling process.
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