Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

We have concerns about the ordinance's potential to drive investors away, cause unnecessary evictions, and the complexities of compliance.

I've heard mixed opinions about wholesalers getting their broker license some say it's beneficial while others claim it's unnecessary or even limiting.. what's your take on it?

Maximum impact without unnecessary overspending.6.

Be prepared to spend a ton of dough.Personally I think that it is unnecessary.

Just... unnecessary I think. 

I have so much to learn starting out I don't want to add any unnecessary risk or headaches dealing with out of state properties or long distance rentals. 

Additionally, managing series LLCs can be challenging, especially when it comes to opening bank accounts or handling titles for individual cells, which can create unnecessary complexity.

First - Have a discussion if the rental loss will immediately help your tax situation.