@Andrew MerewitzState of LLC FormationIt is normally advised to create the LLC in the state that you will be holding the real estate; Florida in this case.If you created the LLC in New York - you would be required to register the LLC in Florida; increasing your total costs.Please also be advised that it can be costly to form an LLC in New York.Location of CPAThe important aspect of looking for a CPA is that he/she understands the taxation of real estate.Technology(emails, phones, skype) allows you to communicate properly through an accountant eventhough he/she may not be in the same city as you.Florida does not have a state income tax.

Electing S-Corp taxation for the flipping business would be done to improve your tax situation.

Some duplexes only share walls between garages so the units are much quieter like SFH, some share common walls in living quarters and those common walls are not as soundproof as townhouses in general. 

Unless your goal is to pay off the mortgage, then it's better off with lower tax. At

- Does the PM handle evictions- Do most PM's print up quarterly reports to show if building is making or losing money- Basically, do I pay the PM monthly off rent, and then literally manage the entire building?

Hello all, So far I have only done buy-n-hold rentals in LLC partnerships that were taxed  as pass-through entities and I received K1 for my part of things. A new partner and I are planning on doing a few deals that a...

Hi, I  bought my home(Bayonne, NJ) around Dec 12 ,2016, tax for 1st quarter 2017 was already paid by previous owner, so I paid that amount in closing of home then for the remaining 3 quarters I paid via Escrow account later as part of mortgage installment. so when I got 1098 for year 2017 from my mortgage company it includes taxes for 3 quarters only, not the 1st quarter.so I how to get 1098 for 1st quarter of 2017                     also I have paid all taxes for entire year of 2018 in advance directly to city hall in Dec 2017 due to various news/rumors about federal tax changes on property taxes, so how I will get 1098 for year 2018 and when I can claim that, in 2017 or 2018, when I advance paid tax city hall have accessed for 2 quarters only, so paid twice of whatever they accessed for two quarter...Thanks

My mom lives in a nice one but you will never see one on the market as a whole because they are built more like townhomes that share a wall or two (think a square divided into quarters that remain square) and are usually sold as individual townhomes.

I also inspect quarterly and follow my lease to the letter...

@Nick G. one of the things I did not consider when looking at LD investing was the differences in taxation and landlord/tenant regulations.