Million ways to make great money in RE, but communication and work ethic are paramount. 

I have over 7 million in net worth with my real estate holdings.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

The equity in each one ranges from $400,000 to $1 million or more.I've heard it recommended that you try to keep less than $1 million equity in each LLC, but I don't know if there's any validity to that.

Its way easier to take a couple million from a bank or credit union through a Line of Credit than it is to please 100 small time investors with $50k invested.

. $200k is a pretty good chunk of money to lose on a $1 million property unless they paid $50k or something stupid for it 40 years ago. 

It’s extremely rare to ever get sued for over 1 million.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

Is it possible for us to form an LLC and 1031 these into one 1.5 million dollar property in Oregon so long as we abide by the timing guidelines concerning the exchange. 

Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.