It’s been a fun 9 year journey investing in RE with no regrets!

I wish you all continued success in your real estate journeys and hope you have a wonderful holiday season.Best regards,Rob

Nice to see that you are active in the forums.

Once I've done that multiple times and I'm getting positive feedback on my numbers it will be time to begin the real journey. 

Journeys End subdivision.

Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a Corporate Entity, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

That way you know they are active in the BP community!