Investment Info:Single-family residence fix & flip investment in Montauk.Recently completed strategic turn-key full-renovation for an upscale resort market on the far end of Long Island.

You want someone that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Are you comfortable working with your CPA remotely?

@Geoffrey BissenIt is NOT always best practice to hold each property in an LLC.This is something you should discuss talking with an attorney/insurance agent with and formulate a gameplan based on your risk tolerance, risk exposure, net worth, etc.Holding a property for someone who has 25 properties would be overkill in compliance costs.1) Costs to form each LLC2) Annual Costs to keep each LLC active3) Bank fees for each LLC(which they may have if the bank requires a minimum balance)4) Bookkeeping fees if required for each separate LLC5) Registered agent fees for each LLCetc, etc etcMaybe the right exposure is 2, 3, 4 or 5 properties per LLC.Maybe you should get proper insurance and have one LLCor maybe you have one LLC that has a maximum value of $500,000 and have it insured up to that amount.

Formulate your investing approach and execute.

You want someone that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

I would also suggest getting a website formed that has a free give away - like an ebook or how toLastly, get educated and formulate your business plan, so you know what you are doing and sound competent. 

The decision isn't so clear cut, however, and strategizing is key in this situation.Another thing that came into play is the possibility to defer payroll taxes for a while, even if you got the PPP.

And yes, I strategically chose to move/buy in Nash because of the growth potential.

Yeh I figure if nothing else I can strategically stick it in the stock market until I’m ready for it.