@John Thedford  AS you can see by my avatar I am basically bald.. but in 07 when I was at the peak of my HML company I had a full head of wavy nice hair.08 09  I had over 200 foreclosures on my hands in 8 states... and by 2011 I was fully bald.. kind of like a sitting president goes grey... so yes I have a PHD in loan defaults and work outs.. and its who I got a PHD in mid west rental markets.. and all the associated risks with lower end rental properties..

From my research - Residential rental businesses are not allowed to elect section 179 expense.The new tax reform allowed it for commercial rental businesses.

With CoVID in the mix and the political struggles between President Duterte and his hate for the US, it makes it more risky to me.  

The president of the company was featured on Undercover Boss.  

They ask for the tenant name and mailing address and that's it.About all, they need to do is an ending reading on the meter which is now pretty automated, so not hard.People in OR are not smarter in AL (look at who we elect here) are they?

I don't have a crystal ball but this will probably happen during the next presidential election in 2024.Hope this helps,Ran

These investments have provided valuable hands-on experience and fueled my ambition to scale and expand my real estate portfolio further.While I thrive in my professional role as the Vice President Software Engineer at a FinTech, my true passion lies in real estate.

Bill,My interpretation is that the husband-wife LLC in a community property state COULD be treated as a disregarded entity if that is the election, otherwise the default is partnership.Jean Bolger,Ohio is not a community property state, so the spousal LLC will be treated as a partnership unless the corporation tax treatment is elected.

We are 70 and 74 years old.I had one rental in CA that I couldn't sell when I accepted a job in TX because the Proposition 13 election was coming in a month.

If you form an LLC that has a single member and elects to be taxed as a sole proprietor and does not file it's own tax return then even if the property is deeded to that LLC it does not change the tax payer.