For real estate specifically, it depends, in many instances an LLC is not required but ok as long as done properly (properties are bought in LLC and not bought and mortgaged in your name and transferred). 

Hey @Levi Chuculate, Taking ownership draws from a fund have less to do with taxes (unless you would like to discuss the tax implications of receiving that income) and more to do with your operating agreement and bylaws.

Much is going to depend on the amount of the house that will be used and allocated strictly for business. 

My feeling is that the tax evasion thing cuts both ways. 

In my state, the SELLER typically pays for 1/2 the state transfer tax which might run 1-2% of the sale price depending on the municipality.

We respond on FF and send them a text or email as well, depending on what contact info they provide.

It all depends on how heavy STR are in your area and if you want to do more than just break even.

Outside of City services you will need to punch a well and depending on the size of the community maybe two. 

And I started in the land business in 75 and my dad started in 65 its a fun bizz.. in our day the land was bought generally at tax sales.. its only in the last 20 years that these marketing techniques and the how to folks started educating the mass's..

On an auction I was researching the Tarrant County Tax website lists the total due for: $14,079.