I ran the banking relationship department for a national debt brokerage.

Purchase price: $65,000 120 acres of wildland surrounded by national forest, in the midst of the Dixie Fire (2021) burn scar.

Purchase price: $65,000 120 acres of wildland surrounded by national forest, in the midst of the Dixie Fire (2021) burn scar.

Yes, classifying your LLC as an S corporation when you file your taxes can avoid most self-employment taxes and open up new retirement planning opportunities like a solo 401k.

Case Shiller shows San Diego to be #3 in nation for total return since 2000.  

To offer asset protection and liability insulation, think about establishing a limited liability corporation (LLC) or other legal structures.

While some use floating rate debt, for say, corporate unsecured lines of credit or capital commitment facilities, they also tend to use Swaps versus interest rate caps, and often times will build interest rate collars on their floating rate debt.  

I agree with Taz that TX is a good market for the capital appreciation play, however, you are not going to get the monthly cash flow you are seeking as the property taxes are 1.6%, the 7th highest in the nation. 

Beautiful alpine meadow and mountain setting, surrounded by the Stanislaus National Forest - community features small lake, tennis courts, and more.

Partnerships and corporations cannot be shareholders.To elect for S-Corp treatment, file Form 2553.