@Noah Blair@Celia De WolffMessaged all three of you the GC contact information. 

Additionally, it is currently on the only cul-de-sac zoned for single family housing only in that vicinity.

. :)If anything, it's a disincentive for an auditor to dive into such complexity.BTW, there should only be one de minimis election statement for the entire return.

@Stuart UdisYou forgot to have the Wyoming LLC owned by a Delaware holding company that has the asset then put into a land trust.Then seek 100% financing because you are broke from spending $10,000 setting up this corporate structure to protect the zero assets you have.

We see ourselves moving to the court de alene area in the next few years.

My name is Sharielle and I am a dual licensed in DE & PA.

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

I'm particularly interested in establishing a holding company that is a Multi-Member LLC with charging order protection so looking to place it in Delaware.

There is no minimum term lease limit in Florida.However, as you have mentioned, some HOA may limit the number of turnover tenant per year (de facto limiting the minimum lease time), limit minimum lease time, or completely forbid lease and require the owner to be the occupant.

Bear in mind that Tankless units must be drained and de-scaled each year (by a licensed Plumber), or you will void the warranty.When I was building a lot, most people in the SD beach area wanted the tankless (generally only because they were cool and groovy).