For example, splitting a $50M portfolio into 5 LLCs can generally ensure that if you suffer a lawsuit that wipes out one basket the others aren’t affected – essentially limiting your liability.However, most folks with portfolios less than $10M generally don’t need to consider splitting it up this way since adequate insurance coverage in a single LLC should mitigate most of the risk.TN has both excise and franchise taxes.

Hi @Levi Bennett.

Thank you @Levi Ballard! 

I can even levy on that judgment later on their assets however I have never taken things that far.

Unless you get something that is a true fixer or you buy something before it hits the market, etc, after taxes (excise tax averaging 1.78%) and Realtor fees, then buying a good deal is a bit tough.

In Seattle, assuming 5% commissions, 1.78% excise tax, and ~1% in other fees, you're losing almost 8% each time you sell. 

But I believe there's an excise tax of 4.5 or 5% on your income.

Hey Levi, Go ahead and say it..."

Hmmm, I didn't realize State laws like "foreclosure avoidance is a criminal act", excise tax on all property sales, the tax costs from the tunnel in Seattle, funding the ferry system, increasing gas taxes to accommodate the heavy traffic in Seattle etc don't affect Wenatchee, Spokane and the rest of the eastside.

@Levi T.Thanks Levi.