got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

For your primary residence, you can exclude up to $250K (single) or $500K (married filing jointly) of capital gains if you’ve lived there for two of the last five years.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

It is a 4-bedroom single-family house situated just .33 miles from the ocean.

Make sure your listing clearly outlines your screening criteria as well as your "house rules" if you're renting out a single room in your home.

2) I have on single family home (rents for $2100/month) that needs a PM. 

They love to talk about his great forms and how the members "feel like a family," but you rarely find anyone that's done a single deal on their own.

Only luxury single family houses will be built. 

I think most people would agree that a single family home is better than a condo for a long term rental.

So, generally speaking husband/wife-owned LLC in a non-Community property state, must file a partnership return (ie, the LLC is not considered a single member LLC disregarded entity).