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Updated over 6 years ago,
Buying Rentals in Ohio from Texas using Series LLC
Would like to hear your experience with Ohio rentals being in Texas. I am primarily trying to figure out the TAX and ENTITY implications:
1. Can you use a Texas Series LLC name instead of your own name when buying in cash ?
2. Are there any special entity filing/registration to be done in Ohio where the assets are located ?
3. How do you add each rental in different series as you buy them over time? Do you have to go to your lawyer for each addition?
4. The rental income for the Series LLC will flow through to individual returns for Ohio state return ?