This can be complicated in practical use, and would be the reason I would suggest to reach out for a professionals help!

Reduce Taxes through depreciation (If you don't meet the IRS definition of a real estate professional, it won't improve any W-2 income taxes)2.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

But in a rooming house, they pay a much lower rent cost, and get the benefit of a professional cleaning crew doing common areas, kitchens and bathrooms, free high-speed Wi-Fi for their streaming devices, etc.

We/I am a professional, and our fiduciary responsibility is to our clients. 

It's always a good idea to connect with local investors or real estate professionals who are active in the area to get firsthand insights.

If you never done one before, it's best to use professionals called "Expeditors" usually architects, to do a walkthrough and see how to do it.

Readers should seek professional advice.

Should I get into contracting with a flipper or custoM home builder for 50k a year 1099 and start my own llc and be a “real estate professional” and learn the ins and outs while making less money at first,  or take a sales job 9-5 that makes 150k a year w2 and build up capital first. 

Stores that have since moved-in to the space include Costco, HomeGoods, Petco, Hobby Lobby, Dick’s Sporting Goods, Field and Stream, Best Buy, and Ashley Furniture Home Store.Transit Oriented/Mix-Use Developments- Mobile Bay Bridge Project is said to begin in 2020, costing $2.1 billion and consisting of a six-lane cable stay bridge over the Mobile Bay connecting Mobile and Eastern Shore.