@Stephen BassFirst, you really shouldn't be giving taxation advice to --- whomever they are... sellers?

@Dave Hart There are no tax benefits to a LLC, unless investing with a non-spousal partner.The taxation of the LLC will just about be always a "pass-thru" entity. 

Hey @Sun Casper, the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

Additional expenses include property management at $142/month, property tax at $1700/year, and other costs like insurance and maintenance.

Regarding your first question: the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

Seeking guidance from reputable professionals specializing in real estate taxation is crucial to ensure compliance and optimize eligibility for REPS.

@Sudhi Avula Do you have a CPA that specializes in real estate taxation?

Do you have a CPA that specializes in real estate taxation?

@Jennifer TaylorI recommend finding a tax strategist who specializes in real estate taxation and tax planning.

In Europe as cities enact bylaws for regulation and taxation, or in some cases, ban them entirely.