There's certainly no right or wrong answer, and as you say, everyone has their own opinion, but generally I think you will find most people on this site having the opinion that such an involved structure may be overkill (of course, no one has a crystal ball either).California is generally more cumbersome than other states when it comes to taxes and filings.

Consulting a lawyer and accountant when tax season slows down but has anyone done this? 

And remember to declare your rental income on your taxes so you can use that income to help you qualify for the next house hack!

Hi Leanna, I would reach out to CF Bank; they allow cash-out refinances prior to that one-year mark.

I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value.

Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons.

Also any advice on how to lower the tax on my flips. 

Fast-forward one month to today, I still have heard no word from Philadelphia L&I (even after calling/e-mailing) and I'm ready to start renting it out, but one problem:"The Philadelphia Property Maintenance Code (Section PM-102.6.4) requires an owner offering residential property for rent to provide the following to the tenant at the inception of each tenancy:A Certificate of Rental Suitability issued by the Department of Licenses and Inspections no more than sixty (60) days prior to the inception of the tenancy.A copy of the “City of Philadelphia Partners for Good Housing” brochure issued by the Department of Licenses and Inspections....."

DTIs do not apply, not tax return / personal income eval

I provided the 2023 booking history as evidence that is was in place prior to Jan 01.The $1M individual insurance clause got me.. we had to update the day we filed.