Is it a disregarded entity, is it taxed as a corporation, or is it taxed as a partnership.  

You only have to make the purchase or investment within 180 days of creating the capital gains event under an S-Corp or partnership LLC, and you self-certify with the IRS when filing your taxes.

HiI am having a hard time understanding how one should pay himself within a family partnership (LLLP).i have limited understanding in taxation*My accountant advised we have a salary paid by the entity, essentially making us employees.i read that there are some caveats to that, is there an alternative/conventional way to set-up recurring compensation?

I am having a hard time understanding how one should pay himself within a family partnership (LLLP).i have limited understanding in taxation*My accountant advised we have a salary paid by the entity, essentially making us employees.i read that there are some caveats to that, is there an alternative/conventional way to set-up recurring compensation?

Partnership?

You have to know the locations and good local property management company to handle the rentals.You can also consider partnership with people in Michigan market; with less return; however you have better risk vs return

I noticed the house just down the street from the one that I am renting has had contractors in and out over the last few months so I had an idea: Because of the proximity of this property to mine why not find the owner's contact info and try to develop a property management partnership.

Hi,So, I have done quite a few deals  in buy and hold but not in flipping. I am planning to start flipping properties (buying distressed properties and fixing it up) in a new neighborhood one hour flight away from whe...

Maybe you can go back and re connect with property owners you've done rehabs for over the last 17 years to see if they'd be interested in forming a partnership.  

Marriage is a legal partnership.