This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

After listening to the podcast for months and reading multiple books on real estate investing and rental properties, I am officially hooked and eager to begin my real estate investing journey!

I do have an LLC, and have always done my own taxes, but never official book keeping.

Annual adjustments: These income thresholds and premium amounts are adjusted annually.It's important to note that various types of income can affect your MAGI, including wages, Social Security benefits, pension payments, and even tax-exempt interest from municipal bonds.

Does this mean that we will just pay less at closing and not get the physical security deposits?

While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds.

If so, make sure agreement is in writing, signed by both parties, specifies new end date and ensures any existing security deposit will still be dealt with properly per landlord/tenant laws, and I'd also ask for a partial payment to be issued at signing to make obtaining his new place easier.  

This is our Airbnb official FB group.

LLC Setup and Financing: How do I go about securing financing for a BRRRR project with a new LLC that has no credit history?

I am scheduled to close on a duplex in Milo-Grogan in mid April so havent secured a PM yet. still shopping. but will certainly update here once the decision has been made.