If you have the ability to incorporate if you aren’t already, I would highly recommend it.

You also need to have proper bookkeeping, separate account, and proper operation procedures to avoid piercing its veil.Taxwise, these structures are tax neutral and could even not require any other tax reporting if your WY holding is disregarded for tax purpose.However, you can also improve the basic structure by adding some other features, like a management corporation in the middle, that can offer you some tax advantages and ancillary benefits.Also, when creating such a structure, it is often recommended to have estate planning in mind as it is easily incorporated in it.So ideally you would like to talk to an asset protection, tax, and estate planning attorney as all three fields should work together to make a comprehensive solution.

We incorporated about 9 years ago, are insured for $2 million and provide a one year warranty on our work.

Below is a screenshot of a different deal we are working but it incorporates all of your feedback.

Best to consult a lawyer about incorporating in the best state for your situation.Also, as others have stated, most of your questions are discussed in this article: The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team.

Many times the main pipe will freeze because it is overly exposed to outside temps and wind.If you incorporate these tips into your Winter prep or Winter scramble trying to avoid frozen pipes and damage I am confident you will sleep better and avoid a lot of stress.Bonus:If your pipes do freeze a few tips are propane heaters.

At what stage are you going to incorporate property management?

- Incorporate repurposed materials like old bricks or reclaimed wood for a boho-chic look.4.

Go talk to your REI CPA and attorney to see how the tax changes will effect your investing, current partnership agreements, future intended agreement and how you incorporate your company.

Incorporating your GM and PM in this process might make things much simpler.