Live in one half, rent out the other.

When you are going through the approval process- we do request liquidity or proof of funds.

Can someone explain the advantages of having (LLC #B) taxed as an S-Corp as I am told only my “reasonable salary” paid out from (LLC #B) would be subject to self employment taxes.I.e., I earn $200K through commissions through LLC #B.

Ah yes, I own property in Tulsa but actually also have a real estate automation company with nationwide coverage - I started adding markets to the list to illustrate the range of areas we cover but should definitely add Tulsa to the list as well!

I have went down the path with 3 different banks and they all said the same thing.

Would it make sense to abort filing the cost seg for this Property in 2024 and list it as my primary to avoid issues on my next purchase?

Quote from @Karolina Powell: I have a side by side duplex built in the late 1800s and the tenant is constantly complaining about the noise from next door. 

One thing you will want to explore is the tax rate in the specific counties you are looking in.

I'll err on the side of caution here.

The rules for evictions are the same in the city I rent in.