If you plan to add more properties in Illinois, separating the two LLCs could also limit liability exposure between states.In Kentucky, having a holding company structure will avoid tax per LLC.

This new structure has come with many many headaches for me, the prime one being there was absolutely zero communication with owners like me about the change.

I could definitely appreciate your purchase if you are running a more active and construction based real estate business but I have some qualms about liability and would want to know more about your business structure.   

I'm working with the City of Kansas City on determining the highest and best use, which will hopefully lead to building 1-3 new multi-family structures (ideally duplex, triplex, or quadplex).

Since you’ve already gained experience with partnerships and deal structuring, those skills will serve you well in any path you choose.

We also see the long term potential of rental properties and what they could mean for both of our growing families.That said, I am doing a lot of research right now into the best ways to structure the legal entities so as to get us involved and for tax efficiency purposes. 

Also your capital gain is lowered the more you bonus.If you are going to accelerate you need to really consider how much personal property there, how long you're going to hold it, any offsets available, alternative transaction structures like installment sales or even delaying it a year.Publication 5653 (6-2022) (irs.gov)It lists four more including the ones below.The detailed engineering cost estimate approach (or detailed estimate approach) is similar to the detailed cost approach.

Hi there, I want to start by thanking anyone who can weigh in here.  My father is 68 and looking to retire from managing and owning a 54 unit rental business in our town.  He owns all of the properties free and clear,...

How are people structuring these deals?

We are in the process of hiring people and want some advice on structuring our new 1099 clients/ contractors/ employees for lead management, acquisition and disposition.