I'm talking about the hassle and cost of annual tax compliance EVERY year thereafter: partnership tax return vs part of a personal tax return.And I was not comparing to a trust, by the way.  

I always keep it below the the highest comparable.

It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

Richmond is a wonderful place for real estate investing, with its expanding economy, variety of neighborhoods, and affordable property prices compared to bigger cities.If you want to further your real estate investment journey in Richmond, it's important to stay informed about market trends, connect with fellow investors, analyze properties thoroughly, consider various financing options, diversify your portfolio, manage your properties effectively, and stay well-informed about real estate investment strategies.

Would be happy to compare notes if that's helpful but without more details hard to know what to say.Are you planning on doing finished pads that you will then sell to end users or something else?

The rent you charge must be reasonable and in-line with what the rental market supports; charging $1000 per night when comparable houses rent for $200 per night is not considered reasonable!

The SE tax is a minor expense compared to the advantage of owning RE tax free( capital gains and cashflow) including short term vacation rentals inside your Solo401k.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Where real estate can assist compared to most other investments is you can leverage real estate.