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.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

BUT, let’s say for personal reasons you want to “stretch” for faster wealth accumulation.  

One question that you may not want to post here for legal reasons, is how much are you paying your PMC?

It costs roughly $100/mo but is well worth the expense.  

Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?

When I had any questions they responded quickly or as reasonably quickly as they could.

Good cost basis on the land and a strong ground game to complete.

I did not see marketing costs, nights that you need to spend at networking meetings paying for dinners or memberships.