Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.

Summit county (Akron) has a much lower sales tax rate (6.75%) than Cleveland (Cuyahoga at 8%).The MLS in Akron shows homes at similar if not cheaper homes but for a good reason.

Tax deliq, preprobate, etc.  

@Allison ParkTwo pro tips to share.1.

So I do not have a tax filing with the rental income on it yet.

In addition cash flow is taxed annually.  

Readers should seek professional advice.Hello Ashish,Would love to connect and discuss a little more about the potential tax aspects of all this.

The property is distressed (unpaid taxes for 2 years).

But weigh the costs of insurance and taxes against the cash flow and make your decision accordingly.

Those non-cash expenses definitely helped us out during tax season.2.