(It doesn’t pay its own taxes.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense. 

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.

A HYSA pays 4.5-5%(before rates went down) pre-tax, 3% net tax if you're a high earner. 

u can see these homes on my website. also if there is any way to manage it.. if you can figure out how to get paid as a WA resident you will enjoy the same no income tax status you enjoy now.. 

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.

I looked into this as well since I'm getting terribly bent over on my w-2 taxes. 

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

Another common practice for nationally sparse datasets such as tax data is aggregation.

I"m also seeing people doing STRs to get the tax benefits besides the higher cash flow.