Dependent upon the profit of the business, one idea you could run is an S Corp for operating side and an LLC for the real estate side.

Simple enough.What makes it unique is that we have operated a profitable and successful business out of our home for nearly 4 years as a highly booked Hostel and event space + potential urban market farm.

Back in NY I shadowed the construction on 2 houses my uncle bought from foreclosure and needed rehab which were then sold for profit. 

They fall in 2 categories:1) Those that will directly profit from doing business with you2) Those that are just trying to give you advice.Why do you think the posts from those in group #1 are the positive ones?

I could have expanded my portfolio sooner if I had recognized the potential of using financing strategically.For example, after selling my HUD foreclosure condo in Northern Virginia for $440,000, I reinvested the profits into additional properties.

Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

If the rising values had reflected property improvements and upgrades (rather than massive profit taking) the rapid rise in prices would have been justified. 

A few quick tips:Run your numbers – Flip for a profit by factoring in renovation costs, holding costs, and market trends in the area.Line up financing early – If you're using a VA loan, it's great for long-term holds, but for a flip, hard money or private lenders might fit better.Build your team – Lean on your local contacts (family, friends, or contractors) to be your boots on the ground.

I target cheap C+ class homes because turnovers amongst this class of tenants is almost zero, and the profits are much higher.

One of the properties sold back in December 2023 and we were told that we would be receiving an update of the profit in January.