I would look into SE from the 100 block to the 130s or so.

Well it doesn't have to be an LLC, per se.

@Steven Hamilton II can better answer your questions regarding "tax and basis" but many folks look to S-Corps to save money on SE taxes within active businesses and turn to LLCs for passive ventures such as real estate investment.

The SE quadrant is occupied by Kirtland Air Force Base and Sandia National Labs (both are very large). 

"Under the final tangibles regulations, you may elect to apply a de minimis safe harbor to amounts paid to acquire or produce tangible property"https://www.irs.gov/businesses/small-businesses-se...The FAQ also references production of real or personal property.My understanding of Tang.

Interested in multifamly (rare) or higher value stuff near my other properties (inside the loop: Mostly midtown/Montrose/3rd ward, SE).

I have concluded that my work in those cases was not SE income primarily because I have only performed them for people who have named me in their Estate Planning Documents (none of which I encouraged) and have never offered those services beyond that.

hi All, I recently closed on an 18 unit property in the midwest, SE Minnesota. i going to replace flooring in each unit, and wanted to get some feedback on what LVT plank flooring others have found to be the best value.

I don't have the time to look into it but you could remove the election down the road but it is not easy and you would be better off starting a new S-corp.Outside of the "reasonable wage" and avoiding SE taxes there is a lot to this, you can shoot yourself in the foot pretty bad by making the wrong choice here. 

I invest, manage, and sell throughout SE WI and would be happy to chat about the market and areas.