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Updated 11 months ago,
Owner occupied, managed, single member LLC owned -- do I pay myself?
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.
In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be paid from the LLC for self-managed expenses/labor? Also, when owner-occupied, is the rent check sent to the LLC and the owner treated simply as a tenant?
Such a newbie at all of this. Thank you for any guidance!