Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.

Tell them that is not what you meant.

That meant that other areas received even more flooding, including our unit.

YUP sorry Janitors meant no offense.. 

There are other communities that would have better opportunities to cash flow.Although there is no guarantee of future income on any STR, I believe that 2025/2026 we will see a good increase in travel, mainly due to EPIC opening and the overall attitude of 'the people' coming off of the election.

You need an LLC to elect S-corp for tax benefits.

With the stock market literally about to do a huge correction pre election I think there will be quite a bit of money to be made on shorts.

If you take title to the property as an LLC with you as the only member (and that elects to be taxed as a sole proprietor) then the property will still be reported on your joint tax return and that would be fine.When you sell you can sell as that LLC and buy as the same LLC or another disregarded LLC, or as you, or as you and your wife, or as just your wife.

edit: by "actually get the lawyers involved" I Meant having to litigate against a big bank.

To me, this meant longer vacancies between tenants to find a qualified tenant.