You begin depreciating $200k over 27.5 years, starting from 2023.You do a major $50k rehab in 2030.

My wife and I are in the process of starting a stem education center and I have leased a 1,200 sqft space that is apt for that which is at an upcoming shopping area. 

I was hoping to do a deal and get my feet wet with something relatively simple to start.

If you can house hack there I totally would.

I started off doing long distance BRRRRs until the rates went up.

I need to explore that.I also started using avail, which I like.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Now if I pass that income as management fees to S-corp, I pay $3.5K (SE tax) + $800 (LLC fee) + $1700 (CPA + bookkeeping) = $6K in total.

When I checked their reviews, I first started with the negatives ones and they were similar to the ones found on Reddit.

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?