Since each of your LLCs owns 50% of the holding company, but the holding company doesn’t own your individual LLCs, the IRS will likely treat your LLCs as separate, single-member LLCs for tax purposes.

I’m here to learn, grow, and connect with like-minded individuals who can help guide me along the way.I’ve been fortunate to build great networks so far, but I know there’s so much more to discover in the beautiful world of real estate.

I am local to Gainesville, there is a monthly bigger pockets meet up with some awesome individuals that lead it.

So happy to connect with likeminded individuals as we learn & grow together.

It's truly like having multiple LLCs formed but without the administration tasks and fees that come with having multiple individual LLCs.

I wonder if it was because it was under an individual and not a business.

Also, we can be relatively sure that they won't overstay without permission, as we tend to be fully rented for a year or more out, sequentially to 3-4 separate individuals.

Walker,Since you would be renting the building to a Business (or Non-Profit) as apposed to individual renters I would check with your agent to make sure the current coverage will allow that use.  

Quote from @Catherine Sanchez: Do Not Call Rule #10: https://www.ftc.gov/business-guidance/resources/qa-telemarke...If the individual contacts you first, they have established a business relationship.

Being surrounded by like minded individuals, whom are at all levels of their RE journey, is amazing and you can learn so much from all of them.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.