The minimum credit score is 620 from Fannie Mae and Freddie Mac (if you recognize those names). 

Your LLC now has inventory worth 100k (note that no expenses have occurred yet for tax purposes)3) You sell the inventory for $140k so your LLC recognizes $40k in ordinary income.

PA does not recognize 1031 on the state level. 

Whereas, an S-corp is recognized on a federal level therefore it follows a different set of rules.

If there is no gain recognization because of 121 exclusion, there is no benefit of paying yourself a commission because you do not use commission deduction against your gain but you get taxed on it (again).   

The LLC is a pass-through or entity, so it is ultimately recognized as part of my single tax return.After all factual and legitimate accounting, the tax exposure can be significantly minimized with proper planning, documentation, and execution.Again, I’m not a tax professional and I don’t play one on TV.

If we then get in to a late fee situation, I think they should split them with the owner as I recognize they have increased work to collect the rents, but I'm also out funds while waiting on the rent to show up. 

Definitely good to know for when I purchase my next property.Off topic: I see you comment often on the threads and so I recognize your name.

In any event you've got some very good options for placing that portfolio where you want it without recognizing the gain or having to recapture depreciation from the sales.

AirBnB should recognize that 4 star reviews are completely acceptable and 5 star reviews are properties that go above and beyond all expectations.