Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

They’re super cool and hip but according to every bank in the world they’re not real estate.

Super helpful (even if it’s ChatGPT).

I just bailed the second they asked for a check, but it was super humiliating, because I always thought I am too smart...

This is all super helpful, thanks!

So far BP has been super helpful.

I’ve talked with a few local realtors who haven’t been super helpful.

that’s super cool that you are ur own realtor- that’s smart! 

That's super helpful for everyone because you seem to have a lot of knowledge that might be great for rookies who also want to avoid the same mistakes you're seeing.

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.