Quote from @Bob Stevens: Quote from @Steve K.: Quote from @Brian Kloft: Quote from @Steve K.: I used to have S8 properties and for the most part I agree with your sentiment: it doesn't have to be as bad as the stigma around it might lead one to believe.

Make sure you leave that new LLC as a disregarded entity, or if you bring investors on with you, make sure it’s taxed as a partnership (subject to Subchapter K).The only way to mitigate cap gains would be if the property appraised very close to its net tax basis.The other strategy at your disposal is to dissolve the S-Corp in the same year (though you really need to be in-line with your CPA on this one)… you should have more tax basis post- deemed sale, and that basis would help you achieve a capital loss on dissolution of your corporation.Talk to your CPA my friend!!

I would be looking at about 50 K loan and can go  upto 12 % interestTo be clear this is only for future ..most probably next year when I start to scale 

@Ryan Sweeney I am also considering Rocket Dollar right now, but for SDIRA, not solo 401(k).

Quote from @Dale K Poyser: Quote from @Travis Biziorek: Quote from @Jamar Jackson: Quote from @Travis Biziorek: Hey Miguel, I'm also in California but my rental portfolio is in Detroit (12-doors). 

@Rob K. is finally the first person to chime in with my standard answer.

The LLC must file a formal corporate return, and issue a K-1 to all shareholders. 

Quote from @Farooq K.: Quote from @Russell Brazil: Put a larger down payment Would you put 40% down?

You should Google "Terminated Merchant File" (TMF) a/k/a MATCH (Member Alert To Control High Risk) prior to opting to not make good on a debt to your payment processor.

Quote from @Brandi K.: We currently use the BRRR method and put lots of sweat equity in.