The tax code is very complex, so it's better to rely on someone who works with it full time rather than doing it ourselves.

I appreciate you simplifying what can be a complex process.

You're proposing a very complex structure that may be hard for lenders and insurers to understand. 

Properties rented for less than 15 days a year enjoy simple tax rules, while those rented more frequently face a complex set of tax obligations.

Collaborating with legal and tax experts is essential in order to effectively navigate the complexities of forming an entity and ensure that your real estate investments are structured properly for your specific circumstances.Good luck!

This is assuming the "we" is a husband/wife duo and nothing that would give a bit more complexity such as a partnership.

As long as the total income reported on your tax return matches or exceeds the total income reported on your 1099s, and you have documentation supporting the breakdown of income by property, the risk of audit or inquiry may be relatively low.Pros of the approach:Compliance: Helps ensure compliance with IRS reporting requirements by matching the total 1099 income on the tax return.Risk mitigation: Reduces the risk of IRS flags or inquiries related to unreported income.Cons of the approach:Complexity: Requires additional documentation and statements to reconcile the reported income with the 1099s, potentially adding complexity to the tax return.Time and cost: The additional work required to prepare separate statements for each property may result in higher accounting fees.Ultimately, it's essential to weigh the pros and cons and consider the specific circumstances of your situation.

Couldn't have said it better myself mateThe pure fact that the poster is going out of their way to post about us is proof that we made the right decision.We "dodged a bullet" per se.I "touch" every investor inquiry because we keep our operation boutique and exclusive.7+ years later and 3,000+ investor calls, plus a thorough pre-screening process enables us to quickly make a decision if we are going to be a good fit.I have a detailed log in the CRM of basic questions asked that I won't reveal because I don't like dirty laundry being exposed.Plus my undies are Extra Large so I don't want anyone getting a complex heheheWe can sell houses to everyone until the cows come home but that's not the way we view our operation...It's not just about us but also making sure that we can deliver on the investors expectations.Do we sometimes make mistakes and turn down a potentially good fit?

Looking back think rather buy stabilized units down there vs ones need remodeling due complexity of finding good contractors.  

An administration where it is so complex to give $$ to ?