Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.

In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.

I hope it works out and post anything that's positive with the next PM.

For Enclave, it seems that if we manage and post on Airbnb, our guests cannot use the water park/amenities. 

Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.

This is my first post so forgive me if this wasn't the correct forum to post this question. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I’ve tried posting it in communities, reaching out to buyers agents, and dispo specialists.

Hey All, I saw this post recently about Home Builder Inventory being high, showing signs of a recession coming.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?