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

Hi Drew, I look usually for C-class areas, like Bagley/University District, and Marygrove/Fitzgerald.What do you think about these?

The property is classified as a B/C type of property, with the intention to implement a value-add strategy and it's going at a 6.5% cap rate. 

Inflation will continue to fall/unemployment to rise/the insider c-suite/director Sell/Buy ratio now over 25, (so the dudes running America think a Recession or hard landing is coming).

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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?

You simply won’t get annual revenue, annual occupancy rates, annual net income, & annual ROI like this in the north:https://theshorttermshop.com/c...Though, if I were gonna invest anywhere in the Northeast, I’d go with Vermont or New Hampshire bc they’re the only legit ski places in the northeast.

A.7% interest 30 year term Mortgage $200,000.00 (04/01/2019)$1,561 monthly paymentsTotal Value $479,538.10 (04/01/2049)Total Interest $279,538.10B.7% interest 10 year term Mortgage $50,000.00 (05/01/2019)Total value of mortgage $69,665 (04/01/2029)$581 Monthly paymentsTotal Interest $19,693.96 C.5% interest 20 year term Mortgage $2250,000.00 (05/01/2019)Total value of mortgage $356,530 (04/01/2039)$1484 Monthly paymentsTotal Interest $131,530

@Jacob NevarezRecommend you figure out the property Class you want to invest in.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?

I’ve also used Home Warranty services (could write a book actually) as a hedge for C class properties I managed in the past so I empathize with the intent. 

Depending on what you are paying vs the condition of the property today, might be better deals out there on East Side in more developed C class areas.