Our goal to begin is to buy and hold the real estate for cash flow purposes.

My main concern was to get credit for paying property taxes.

I'm mainly interested in creating cash flow and long-term wealth.

Here is what I mean.For the purpose of this conversation I am going to assume the project needs some serious rehab.

Which is better for tax purposes?

Aside from the extra paperwork,CPA fees, LLC annual fees, bookkeeping wise, it's pretty straightforward.Finally, you need it for banking purposes, so each entity has its own checking account, so each business would have it's own profit and loss.

A market is a place where people go to trade goods and services and the main driver of these markets is scarcity.

And don't buy at market rate (i.e. buy at a discount) so that your leverage isn't 100% of market value, but only purchase price, if that makes sense.The main key to leveraging properties is exactly what Pete is saying.

But my purpose for the post was to get feedback from investors who have seen success.

Have been keeping an eye on the Waconia area but nothing has come across that just made me want to jump on it.I just can't fathom how these MF's in NE (my main area) are going for 150+/unit.