@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.

The income tax may be written off anyways and I benefit from the lower property tax rate.You bring up some solid points.

You’re in a learning phase, so don’t stress too much. 

https://www.linkedin.com/in/bobprisco/AboutThanks for taking a minute (or two) to read about what we do and why it might benefit you too :-)At first glance, we might look like JUST another real estate investment firm.A firm specializing in helping regular people (like us) achieve true financial freedom, reducing risk, maximizing passive income, and saving on taxes…One that delivers 100% hands-off turn-key rental properties to our investors from around the globe.

We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

There is no magic pill out there that gives ultra returns and is ultra safe there are many investments along a SPECTRUM of risk and potential upside with varying degrees of potential tax benefits and deferment strategies. 

What is the benefit of this shared LLC?

Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

In this group, you get many exclusive benefits, including a discounted management fee rate of 9% on all properties managed by PPMG, plus the $250 application fee for new applications is waived.This property will be one of my highest cash-flowing properties.