@Bryce MosierRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

It is in a C area, on a map some local agent gave me

@Natalie JohnstoneRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Assuming there is no C or S corp election in effect for the LLC, then real estate held in the LLC can receive a step up in basis just as real estate held outright can.

https://taxsalesib.lgbs.com/images/lit_ps_images/ib-emails/C...Here is the basic info from the Sheriff's office.https://www.epcounty.com/sheriff/cp_saleinfo.htmMake sure where the sale is. 

C-corp? 

This comes with advantage of anonymity of owner and address.2) Parent Holding LLC (X) will be a multi-member Wyoming LLC responsible for buying or selling LLCs (A, B or C etc) and is taxed as SCorp for tax advantage.

Was considering RL property management, but man they are expensive lol.RL property management does not manage in C neighborhoods.

If the tenant fails to provide the landlord with the forwarding or new address as required, the tenant shall not be entitled to damages or attorneys fees under division (C) of this section.”

I would say very honest PMs who walked my Indy properties (after the I closed on the homes) or at least knew that neighborhood and an honest construction management company were very helpful - they all said I better add in a lot more reserves to the repairs and cap ex for old Class C.