Additionally, the operator, if not informed otherwise by a hosting platform the operator chooses to use, is required to register with the Virginia Department of Taxation for a tax identification number and furthermore, to collect and remit any applicable taxes.

Aaron Fox My tax guy tells me an LLC but more important is how you treat the taxation of the LLC which he tells me at the end of the year how we are treating it.

As a licensed realtor, you bring a lot more to the table such as licensing and insurance and that could be considered a benefit.You should also be aware of the implications of UDFI taxation on the gain from the sale relative to the portion that is still debt-financed.  

@Michael LopezYou can choose to rollover the funds to an IRA of your choosing (self-directed or otherwise) and the full amount will be transferred without penalty.If you choose to take a distribution to yourself personally, there would be normal income taxation at the state and federal level, as well as a 10% penalty for early distribution if you are under age 59 1/2.With a self-directed IRA or similar plan such as a Solo 401k (if you qualify as self-employed in some fashion), you can diversify that savings into real estate investments.  

The LLC is subject only to capital gain rates on the ownership shares of the member, and not to the corporate capital gains taxes, therefore no double taxation.

Multistate taxation is a complex topic.

If you now have changed residency, then apply the series LLC for each properties under one master LLC.If you don't want to change residency, bear the burden of doing your taxation for each LLCs, claim federal tax credits for each payment to CA Franchise Board, then do or complete your Schedule C in your 1040.

Several have questioned the high property taxes in Texas and wondered if the taxation structure is fair.  

There can be double taxation issues.In general - active income is for corps.

And double taxation is an issue.