Tax BenefitsWhen buying in low cost areas, it can be difficult to achieve FIRE without high volume of units.

We are currently waiting to see the experience with the Florida LLC, re insurance, tax, beneficial ownership issues before we deed the Virginia properties into the LLC.

Note that the difference between earning 10% in a fund and 12 to 15% from individuals is not 2 to 5%, but 20 to 50% on a cash returned basis.Most of the lenders we know who loan their own money and don’t find their own borrowers like we do, keep their pipeline full using brokers who bring them their loans.

Let’s say we’re shooting for $50k tax saving per year. 

Each year being worse than the one before with higher insurance, property taxes and wages?

And keep in mind this is in addition to your normal tax liability.

And there's the unpaid taxes for operating illegally... i'd give this property a thumbs down.

We are looking for someone to help us file taxes (both for LLC and personal) for this year and try to mitigate any tax loses, but also who we can build long term relationship as we grow our portfolio.

(Someone to receive notices on your behalf)Residential income properties need a Transaction Privilege license in most locations (Rental Tax)Property Management is a specialty in the industry and it's very possible your sister has her license with a broker that doesn't allow her to do property management?

Because otherwise its becomes very difficult to manage these things.Do you know if there are any tax implications from moving the property in and out of an LLC for a cash out refinance.