Unfortunately, a good portion of profits have to be paid to the government for taxes.

But it's not federal law, it's MD Bill which didn't pass in 2023.

I finally received a demand letter from a "nonprofit attorney" representing the tenant, claiming that the tenant was living in uninhabitable conditions—typical for a non-paying tenant, I guess—and now she wants to "renegotiate" the rent and keep living in the same space.She has been filing complaints with various government departments, but all the cases were minor and have been closed.

The risk to you is that by selling partial ownership you may be selling a security under the Federal definition and therefore depending on the method used to find investors could be violating Federal or state securities regulations.  

@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

We’d like to transfer their interests to an LLC – however, we do not with to be treated as a partnership for federal tax purposes.

It isn't a ton of extra work for us to manage an IRA vs regular investor, but eliminating government-mandated paperwork (that adds no value) is a win.

I've received 2 K1's so if this is fraud then i'd imagine they've committed a federal offence by issuing false documents to the federal authorities.

Then you’re looking at a minimum of 15% federal tax and 10% California tax on that $500k.

I see opportunity abound as the Federal Reserve is intent on forcing us into a recession.