I am interested from hearing from everyone that has a single-member LLC (SMLLC) that is a disregarded entity is generally reported on the owner’s Form 1040, Airbnb, flipping, wholesaling, to complex 1065 filers under subchapter K. 2.Accounting Costs: How much are you paying for ongoing accounting services?

@Michael K Gallagher I wanted to take a moment to thank you for the advice you shared with me about getting started in commercial real estate.

@Kristi K.

2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold.

@Ashley Gamble@Steve K. hit it on the head.

@Michael K Gallagher We originally planned to build three houses on the lots (1/3 -1/2 of a block).

My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1). 

Buyer agreements were already required by law in 18 states plus DC.Not displaying commissions on the MLS is less transparent, but is no big deal at all.

@Zachary I would be interested to k now why you would not recommend all in. 

With other owners, they will have a separate account, could be XYZ LLC,  Alpha under their own EIN, all owners/members may be required to be on the account, but then you limit the signature authority to those seected, could be just one other owner.Taxes are consolidated for sole owners, other members then use the K-1 (I believe it is) breaking out their income.