An “annual valuation period” is an annually recurring period of not more than 90 days that begins no later than the anniversary of an entity’s initial valuation date.

We need to set up recurring meetings so that we don't have to go through this forum each time.

It is very easy to get lost in the moment while bidding, basically due to your adrenaline rushing, excitement, anxiety, and sometimes irrationality when having to make a split second decision when your bidding.

My hunch is that this will be a recurring theme.

An “annual valuation period” is an annually recurring period of not more than 90 days that begins no later than the anniversary of an entity’s initial valuation date.

You should discuss with a CPA who understands pass through taxes, real estate taxation, and can provide you with recurring tax planning services.

I presented the following scenario to him:- My current self-employment income is as a sole proprietor- While not currently formed, I would look to create an LLC for real estate purposes soon- My self-employment income is small and possibly will not be recurring, so I considered other possible self-employment income streams- I have not done any flips to date (just BRRRRs), but once I do, I would look to do them in an LLC- I also have potential real estate self-employment income in another fashion.  

More monthly passive income than recurring expensesI think consumer debt credit cards should be paid off Working 10 hours or less per week

What about subject-to gives you anxiety?  

Recurring revenue from a single effort is the best builder of real wealth.