Hello everyone,I have been investing mainly in Baton Rouge, LA, for the past 3 years, however I recently started investing in Lubbock TX and I would love to connect with other investors in the area.

It benefits from strong rental demand, making it easier to find and retain tenants.

Take pictures of invoices / forward the email to your gmail business email;  subject = 123 main $99 for plumbing.  

Im mainly wondering about the under the stairway storage and the automated technology.

For example, we have several clients focused on real estate investing in other states that we do great work for out of our main office in Manassas VA.

So I'm not benefiting from the full standard deduction because of the passive loss deduction. 

So I do have following questions :1) What are the benefits and drawbacks of forming an LLC in Wyoming versus Texas?

Getting out of college, one benefit is you can close on your househack before you start your job. 

Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.