An LLC shields personal assets from business liabilities, while S-Corp taxation allows you to reduce self-employment taxes by taking a reasonable salary and distributing remaining profits as distributions, which aren’t subject to payroll taxes.

It’s also a safer place to start as a first time homebuyer and there’s no reason to not take advantage of the perks available to you now.

So just for the sake of confusion.As for the minutes, I refinanced several properties into a package earlier last year, and for the first time, the lender asked me for official minutes showing where decision was made to refinance and reasoning for the decision.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Having an experienced GC build their first deal or two of their own is, for reasons that sometimes don't make sense, get push-back.

Instead of paying a percentage (load) of the total investment, they accept a reasonable fee for their services and credited the load back into my DST investment.

The 5-10 it gets heavier and a lot busier, and 10-15-20 it really is untenable to self-manage especially if this is not you main business like a person buying their own rentals and building it like a small business. 

It's eating away every bit of cash flow from the property and then some.Both units currently have baseboard heating - which I've heard can be on the more expensive side of heating options - but I'm not sure if this amount is realistic for the area, or if there is a better heating option that I should look into for a reasonable cost.

Read Main Street Millionaire by Codie Sanchez.

Quote from @Franklin Marquette: When building ADUs, do they generally create value uplift for the property in the same way that the main house is valued?