@Sarah Taylor From a tax perspective, you would lose the STR tax benefit if you expect paper losses from the property.

The income tax may be written off anyways and I benefit from the lower property tax rate.You bring up some solid points.

We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

https://www.linkedin.com/in/bobprisco/AboutThanks for taking a minute (or two) to read about what we do and why it might benefit you too :-)At first glance, we might look like JUST another real estate investment firm.A firm specializing in helping regular people (like us) achieve true financial freedom, reducing risk, maximizing passive income, and saving on taxes…One that delivers 100% hands-off turn-key rental properties to our investors from around the globe.

What is the benefit of this shared LLC?

Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company. 

If you're new to this, it may take some time to adjust your expectations and get comfortable.

I've created bullet points, changed wording often, rearranged pictures periodically, adjusted prices (super low for my area).

The contractor might realize he was WAY over industry price and adjust.