We lived in the property for 2 years and rented for 2 years to tenants, so by selling now, we ensured that we could avoid capital gains taxes.

As you gain some experience, your value proposition to others increases, which will then make it easier to raise money for your own deals.

The mortgage is currently under my name, so I’m unsure what benefits, if any, I’d gain from using an LLC in this situation.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

I did it after I purchased my first park, but gained a ton of valuable insights and networking opportunities as well.

Being a curious person, I gained an interest in real estate investing due to other classmates being interested in real estate.

Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.

Would the LLC need to prepare a partnership return for the dividend income and capital gains?

Yes you are losing out on market gains but you are gaining appreciation on the property, cashflow from rents, tax benefits, etc.....