Hey @Andrew Singer - To be completely honest, I've found it hard to find a Chicago broker that I know, like, and trust, but importantly will keep working for me on a regular basis (quarterly minimum) to review and look for potential savings.I have a couple of good guys, but no one so far that is a grand slam. 

“Over the last couple of quarters, the number of open jobs in construction is rising again — that’s a forward signal that suggests hiring is continuing and what’s happening, particularly in the homebuilding sector, is an expectation that single-family home buildings are going to expand in 2024.

I also have a clause about doing quarterly inspections inside and outside of the property.

Climbed in 86% of all metro areas in Q4 2023 up from 82% in the previous quarter.

I try to avoid that with screening, charging late fees and serving the notice to quit any time rent is late by even one day to avoid anyone getting behind on rent and developing bad habits, good management, quarterly inspections and mutual respect with residents.

We’ve done FF, buy and hold, and house hacking (about a deal a year) but want to start hitting quarterly goals so we can retire me from my W2. 

Since the interest-only ARM rate adjusts quarterly based on market fluctuations, this could work in our favor as interest rates are expected to come down over the next couple years.

unfortunately, our STR in Clovis revenue are now negative -- in the past yr, Clovis started asking for occupancy tax. this cost us $1300 every quarter .  

No, the vast majority of business's, including service business, start-up's do NOT clear profit day, month, quarter, year 1. 

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home