Structuring real estate investing business, trust and child LLCs

[Olga Kostrova]

Guys, 2 questions...

1) when I bought a home (free and clear, my own cash) I bought it on my LLC from which I am also was and am running my coaching company.

It's of now the only LLC I have (taxable as S-Corp.)

How does home purchasing all at once, and HOA payments effect taxes? What is deductible, how do I depreciate / amortize it?

2) question about an optimal structure of real esatte investing business

I planned to have a holding company (LLC) to be at the top and then all child LLCs (for individual properties) under it.

But I saw some real esatte investing structures where above holding company there is trust. What purpose does it serve?

Also, I wonder if my existing LLC (that is elected and taxable as S-Corp) should be a holding company or to create a new blank LLC (can it be above my existing one now?) and have holding company be nothing but "shell" that owns all other LLCs?

Should I separate my coaching /consulting business (unrelated to real estate subject) from a real esatte asset?

Feels that with all the upcoming LLCs all my tie will be spent on dealing with tax advisors and CPAs.  :-)

Yes, I know I need to talk to my CPA, but based on the conversation with him I have learned he is not versed in real esatte maters.  I will have to find a new one. And meanwhile, I think you guys might have all answers. :-)

Thank you very much.