If you plan on selling other people's houses you can charge for that with a license.If you are only selling your own houses, there is no benefit...but there is substantially higher liability.

With a 0% down VA loan and now a property value of $650K (+) we have refinanced a few times to get locked into a 2.25% sometime in 2021 and are now enjoying all the benefits of dealing with some long distance property management.

The loans are a little more expensive than a freddie/fannie loan, but the big benefit is that they are assumable. 

Whenever I see someone giving advice, I like to ask "who benefits"?

This is a bright line issue, and unfortunately this is where people lose.RE Pros spend each of the following:More than 750 hours of service during the yearANDMore than 50 percent of his/her time working in real property businessesAdditionally, I talk a lot about the benefits of the RE Pro spouse.

If it's an upstairs living room and those rooms could benefit from having more living space up there, it's still viable.

A straight LLC will be far easier to get a loan or open a bank account, but doesn't provide the other benefits of a Land Trust.  

Please note, I did not include the tax benefits from deprecation.

A new lease allows you to update your lease terms and adjust how you do business.

.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!