Because you are essentially buying into an existing business, the sale of it could generate a disproportionate amount of tax for you given your time in this deal.

Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.

This ensures compliance and may help with future tax benefits.Kansas: File a resident return, including the Missouri loss, which can offset other income in Kansas.Even though no Missouri tax is due, reporting the loss properly in both states is essential.

What do you think of my essentially 7-word answer? 

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

So essentially, the result is the same as a “net listing”? 

Essentially tweaking in PL I imagine is the same, adjusting for the supply side where the demand side is usually adjusted automatically by the software.

If someone you don't know reached out to you to offer you a loan and you do not know them, they are essentially acting as a hard money lender (lending based on the hard asset and not a prior relationship they had with you)."

While an LLC can offer liability protection and tax benefits, it’s not essential for a single property—personal liability insurance and an umbrella policy may suffice for now.

There's a breakfast meeting at Pop's Sunset Grill in Nokomis every Tuesday at 8am.