I'm thinking that I need to go to an electronic receipt tracking system, I've been doing it old school all these years - dump them on my desk, some month down the road go through them all and file them to folders for reach property, start a new folder each year. 

Using a CA LLC owned by a WY LLC could preserve some benefits, like charging order protection, but doesn’t eliminate CA filing fees.

Most assignors in my area of Texas have virtually no concept of the real costs associated with an investment, including acquisition, hold, remodel and sale costs.

My question is when I file our taxes, will they count the purchase price from 2023?  

We have a partnership entity, so it has to file separately and needs balance sheet accounting.

Hey @Aaron Gordon congratulations on getting started on your real estate journey here in RI.Starting off with a live-in remodel is definitely a way to fast track your real estate experience.

All this asset protection in a Texas Series LLC for a $300 filing fee.  

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

As a seller, I have sold properties/filed properties to tenant buyers using lease options.  

I plan on having kitchen remodeled, new flooring out in, and a wall removed.