@Michael P. - just noticed the Brooke Park on your header...you own how many on that gem of a street here in Toledo?

Quote from @Michael Plaks: Quote from @Stacie Wooten: Hello, my question is in regards to Texas Franchise Tax: I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it broke out individually and filed by each rental?

Absolutely not because the reward if it did become successful was worth the risk.Remember what Michael Jordan said in one of the Nike commercials?"

Quote from @Michael Smythe: You should look into Detroit!

@Michael Baum, @Ryan Moyer, @Nancy Bachety, @Arda Bircan  and many others, I thank you all for your input. 

And @Michael Wagner is a good resource, too.Regardless, best of luck!  

Quote from @Michael Plaks: @Brandon SalimiEach of you has to separately pass the material participation test, and you cannot both pass it on 100 hours.

Hey @Michael Baum. 

Hey @Michael Orlando, you'll have plenty of options to do a live in flip.

Quote from @Michael K Gallagher: @Benjamin Sulka If i'm understanding you correctly, you are not liking the numbers of a duplex after you move out and have to rent both sides.I obviously don't know your numbers or what you are accounting for but if the building is generally newer and in better condition it is ok to dial back the capex and repairs budget in my mind.Additionally we pulled the trigger on our house hack really without considering what would happen when we left.