But as you stated, an LLC WITH S Corp tax election (which is not what was previously asked) provides you essentially an S Corp which allows you to have some minor tax savings in self employment taxes.

The lawyer conducted calls with my will real estate agent and the bank's vice president who held the properties' loan.

Sorry, that's not the way the world works.If your house burns down, why should it be the mortgage company's responsibility to waive your debt because you elected to allow your homeowner's insurance to lapse?   

.#1 destination for CA companies leaving the state.You might remember billionaire Ross Perot who ran for President, built two multi billion dollar computer companies, and also was a billionaire land developer, says the best way to make money in real estate is to buy in the path of progress.

That is what always happens with almost every meetup with the exception of the only True Blue Meetup called FIBI (For Investors By Investors).Don't waste your time unless you want to set up a nice booze bar and members bring over some fun partners.Don't waste your time with the REI and REIA clubs since the presidents are scandalous scum who are snake oil salesmen selling worthless services for thousands of dollars.

Can you muster up the bare empathy to see things the way the tenant probably would and the taste this would leave in any elected official's mouth if they had to adjudicate a petty, grasping, little dispute like this?

It can be taxed as a pass through company which is the norm or default, or you can elect for it to be taxed as a C Corp.

She is a past president and her, along with many, many others have helped me gain great knowledge about investing.

•Banning ownership of your IRA of more then 10% of ANYTHINGoIf you wanted to own a rental house in your IRA, only the IRA itself could own it; you wouldn’t be able to use the statutory protection of an LLC.oNo more use of Land Trust or PPToNo more Checkbook IRAsoNo more Joint Ventures in which your IRA owns 10% of a deal or an entity•A proposed limit on Roth ConversionoOnly Pre-Tax traditional accounts may be converted to a Roth IRAoFor you business owners, this will effectively mean that only your Employee Elective deferrals ($19,500 in 2021) and Pre-Tax Employer matching will be eligible for Roth Conversions.

@DongHui PatelYou may want to ask the sponsor what filing a composite means to you.Most GP's will not do a composite filing on behalf of an investor/partner unless they instructed it to them.Furthermore, composite elections are normally not done in the real estate space.Talk with your CPA if you should be opting into the composite elections.Best of luck