It is a 7-unit building in Frederiksted and we put it in a USVI LLC for the corporate protection benefits. 

Or is it viewed as a "brand-new" company since a new LLC is formed and the corporate credit is non existent? 

Someone is always paying the tax man - it’s either individuals or corporations.

If you want to invest a privately owned firm may be the way to go as they have less of a corporate structure setting restrictions on you.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Usual structure they recommend is the LLC and LP structure with a C Corp or LLC as the GP and myself as the LP to avoid double taxation.

Currently, I hold an executive position in a major tech corporation.

Hell Looking to understand and get advice if there are still accessible opportunities to grow wealth through real estate in the Seattle area (Seattle, Bellevue, Issaquah or beyond).Objectives: - De-risk income/wealth from my full time job - Grow wealth (property appreciation) - More cash flow (if possible)- Have somewhere to stay (myself and family) when I visit (why something like STR/corporate rental would be great - can have a spare few weeks here and there)I have a couple properties in the Seattle/Bellevue area.

But some of us file other things on Schedule E – Like Corporate Tax Returns or Partnerships.

Can someone point me in the right direction on where I can get the form to add an addendum into my lease about what I'm using the corporate unit for.