Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

To operate in the city of Las Vegas, this requires a business license.

Some states also require an annual license fee to own and operate an LLC so that could also cause a potential for increased costs there as well.I would consult with a real estate attorney to see if an LLC makes sense from a legal standpoint and advise your accountant as to your decision so the appropriate tax filings can be made. 

@Tyler LingleI didn’t use a lawyer to file my LLC but used one forMy operating agreement.

My average price point sale is about $1.3m on my own so it was a smarter move to make less overall money, but to have a lean system to operate and not manage and try to help agents anymore in that way.Hopping into every forum I post on to have a go at me is very embarrassing for you.

Thanks to zoom, many musicians are teaching lessons online so they have a wider audience and can operate from anywhere. 

That way, you’ll have control over the operation and might be able to squeeze in a few extra bookings to pad your numbers.

After she retired, she took over the daily operations.  

I'd make sure to review your operating agreement to ensure compliance with the legal statutes of your specific LLC and partner buyouts.Happy to help you work through any of these situations.

I do however agree with you that there’s no one size fits all approach and depending on the type of business that’s operated and location, the correct strategy may vary.