So a lot of investment, resources, and time, for a very little value add project when our resources are already constrained, that has nothing to do with taxes or accounting, and then in the future the attorneys will be doing the work whenever a new entity is set up or there is a change of ownership. 

The decision depends on your access to capital and the level of risk you're comfortable with.If you need support or financing for your future projects, I'm here to help.Best,Drago.

Outright buyer, and in the future net buyer. 

In the future, please have all this lined up before you submit a contract.

Hi everyone! I am looking to invest in rental properties in the Indianapolis and Charleston areas. Joining Bigger Pockets hoping to accelerate my learning process and meet like minded individuals. Any recommendations ...

When you bought this property did you intend to rent it out in the future?

Tax impacts include deferred gains, adjusted cost basis affecting future depreciation, and strict adherence to IRS timelines.

Additionally, filing establishes a record of your business activities, which can be beneficial for future deductions or tax compliance.This post does not create a CPA-Client relationship.

If one can determine with relative certainty that today's tax rate is less than expected future tax rate then Roth makes sense.

Then the tenant will rant a bunch of nonsense, have no evidence to back up his stories, and the judge will find in your favor based on the evidence provided by you.For future tenants, I highly recommend you read a book like mine or "Every Landlord's Legal Guide" by NOLO.