The fact of the matter is that no one's situation is really the same, so each person's ideal setup differs.  

However, it adds complexity with more paperwork and potential self-employment taxes on all the income.Doing it as an individual is simpler, with everything going on your personal tax return, and you might benefit from the home sale exclusion if you end up living in the property for a few years.

Feel free to reach out if you want specifics, but if not best of luck in your journey!

Feel free to shoot me a DM

Feel free to:- Vote up to help others find this post.- Tag a friend who would/could benefit from this discussion.

You might want to speak to your tax person about what would be the most beneficial way to set up tax wise before you have the attorney do the setup.

I've been a lender here since I was moved here by a mortgage company in 1996 and we've personally been investing since 2008.

Feel free to shoot me a message for contact details.

I haven't done this as this is going to be my very first property, please feel free to ask any questions:Potential Rental Income: $1000/- month (Right now through housing, but rent is due for increase)Taxes: $2600/-Utilities Water/Sewer: $800/- (Rest of the utilities are paid by tenant)Purchase Price: $124,900/-

Would love to sit down and have coffee with you and pick your brain.Would love to be able to have a mentor in this space as I start on a new journey in this Real Estate Investing World.Willing to work hard and take advice and act on it.Let me know if you know of anyone one or maybe you are that person.