However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

A) it controls my cost.

Costs before that (during remodeling) are added to the basis.2.

Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.

Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.

This is a blog I made myself, let me know if it helps my goal, to achieve profits because right now their zero (leads)How much does it cost to install a patio door?

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks

If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.