Tax Implications: Are there any tax advantages or disadvantages to consider when choosing between an Ohio or Wyoming LLC for owning Ohio real estate?

Look them up on the tax records for free and then use a free site like Spokeo to search info on the owner.

I am hoping to find an opportunity to help an established Investor with any administrative tasks, social media, or marketing in exchange for a chance to learn.

Aiming for each part of the business to eventually fund itself is a solid plan, and a real estate CPA or attorney could help fine-tune everything for taxes and structure.

So be careful and make sure you interview the Expediter and that they have had success in obtaining the Letter of No Objection.As far as evidence that you need to gather, look up your buildings TAX Class.You will find it here: Building Information SearchHere you will see something that looks like this:NOTE that while this is a Dept of Buildings Web Portal, what I have circled in RED is the Department of FINANCE Building Classification.You may not have a CofO, but the Dept of Finance maybe taxing you as a 2 Family.

Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain. 

I dont have experience buying but have looked into it, from what I can tell, if you buy it at a tax auction, The owner has a certain amount of time to reclaim the property.

Ground lease own just the land so no tax depreciation usually so not tax advantaged like absolute NNN.

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

A local broker/investor has recently bought a tax lien for the house next door to us.