No double taxation and your allowed vacations...

side-bar to various sections of the existing getting started guide.I've started assembling some materials on what's different up North with respect to financing, taxation, etc. but have been too overcommitted to finish putting it together.

When my wife and I (Canadian Citizens and Residents) purchased a few properties in the US, we held them in LLPs to avoid the double taxation problem. 

Yes, there is a cost to join an elite group of high net worth investors...but when I looked at what I pay a wealth investment manager in annual fees, or what I pay in taxation in long and short term capital gains in stock portfolios..and etc, it was cheaper to join Freedom Founders.Try this, ask your "wealth manager", "what is the rate of return on my portfolio?".......

An S Corporation also helps you to avoid the double taxation that you may have with a C Corporation.

We bought a building in western PA.......and found out about the tax at closing. 

The LLC looks like the best choice due to passthru taxation and flexibility to operate as partnership.  

With my current full time jobs(my 40 hour work week & being Husband & Dad), I am finding it would be hard to give as much time as I would like to rehab, so I want to start with Wholesaling to get my feet wet, network & learn, while building capital to fund rehab projects as time allows.2)If I do set up an LLC, is it better (given my interest), to keep the LLC taxation or be taxed as an S-Corp?

Hello bpCan someone recommend good books that cover real estate taxation, entity taxation, and strategies to to succeed?

Bill - If your interest in this LLC will throw off UBIT (due to the loan) < $1,000 , your IRA or Solo 401k will need to report it on 990-T and pay the tax at the trust rates.