@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

However, I will warn you that these zip codes are not B & C areas, I have been investing in Jax since 2017 and lived there 2020-2023, and these are C and mainly D areas.

Quote from @Nathaniel C.: We own a SFH long-term rental.

Hi @Wade C. and fellow Bigger Pockets Hosts,I’m currently in the third week of my trial with Intellihost, and I’m finding it promising so far.

For example, if you wanted to sell property A to pay down the mortgage on property B, instead sell BOTH A & B and 1031 exchange into a new investment property C! 

You are the member of the LLC not an s corp or a c corp which owns the LLC - which is more traditional in syndications and other setups

Go here for how to proceed in Texas.https://guides.sll.texas.gov/c... look for LANDLORD OBLIGATIONS.Good luck!

We're setting it up on Sch C and from what he told me, if I set it up on Sch C, I have to stick with Sch C and can't bounce back to E. 2022 shows a loss as that is the year it was setup.

Does the tax deferment still substantiate the negative C/F?

An LLC that elects to be treated as a Corp depends on whether the election is C Corp or S Corp.