And your relying on 3rd party reporting.

I haven’t used them for taxes yet, I hope that’s not their weak place but i will report back.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Fun fact: best ROI in the annual Cost vs Value report is a garage door.

When you have multiple responsible adults sharing a house, if one "bad egg" slips in then you have the others renters to kick them out or report them.

The reports on TikTok of doge and all these homes hitting h to r market is a joke - clearly people have never sold a home posting those as it's near impossible to get a home ready to sell in a week or two. 

Bureau of Labor Statistics and Texas Workforce Commission, Texas was reported to have the highest rate of job creation through 2024. 

They failed to rent a unit in a great location/condition and a hot market for 4 months, and the rehab expense reports don't line up with the estimates they provided.

Property Bank StatementsTitle, Appraisal, Environmental, Survey Reports – If availablePurchase Contract

I make sure there agent get's the inspection and quote reports with all this because this "mother fk's" them.