This would be my first experience with a lower income area/C class property .

BP and all the other Rental courses and books and gurus try to make it sound easy to own and rent houses for Passive Income.

For those that don't know, group homes are single family homes that house "by the bed" and therefore come with many benefits, the primary being that they bring in anywhere from 1.5x - 2x the monthly rental income that a standard single family home would. 

Their accountant will have to adjust the %s reported on their tax return appropriately. 

Tax flexibility allows each series to be taxed separately or together.Practical Uses- Property segregation ensures that each property is owned by a different series.- Operational independence allows each series to maintain its own bank account and records.- Risk management ensures that problems with one property do not affect others.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,

My agent says the tax record shows it as 2021.I listed my house , pls advice how I can get the MLS correct to reflect year built as 2022

On a positive there are 15-20-30 year amortizations and increasing income qualifications including instant approval and AVM (no appraisal requirements) for very clean applicants, and creative documentation for self-employed borrowers or investors such as bank statements or even DSCR (usually up to 75%LTV) for investment properties. 

Otherwise, you'll need 2 years of US W2 income.

It also means keeping track of money in and out, talking to a tax expert, and being good to your tenants.Good luck

Since I am new to real estate investing I was wondering if I would pay capital gains taxes when this property sells?