If you are just starting, I would think on a leveraged purchase, $200 a month in todays market, that is assuming the home is fully renovated and capex items are fairly new.

Donate the Property: Donating the property to a qualified charitable organization can provide you with a charitable deduction equal to the property’s fair market value and eliminate capital gains taxes.Implementing these strategies requires careful planning and consideration of your specific financial situation.

Looking back at 2022, one of our largest line items was marketing expense for our new location.

Always account for the costs of upcoming capital expenditure items in your purchase price.

Always account for the costs of upcoming capital expenditure items in your purchase price.

My only guess is your CPA is thinking this is a rental, where you can depreciate certain items, and expense others against "this years" income.  

We're currently looking for ways to streamline supplies for cleaners (toiletries, towels, item replacements) and handle small handyman issues.

You can definitely still write off mileage and many other items on your taxes without being in an LLC.

Once the option period is up, cancellation would only be for items specifically named as contingencies, such as financing.   

As we sell through these items should we create a bank account with the llc to "season" the capital for when we are ready to reach out to a lender when we are ready to make our first investment?