Generally S Corps make sense around $40-50k of net taxable income.

@Michinori Kaneko Yes, for a 1031 to be valid, you must identify your replacement property options (up to 3 normally, though can be more under certain circumstances) within 45 days of closing on the sale of your relinquished prop, and close on your replacement(s) within 180 days of closing.

I’ll take Hilton and Marriott’s or any other resort management team over that, where they can actually benefit me down the road at one of their 1000’s of locations.

Opened up S corp for better tax advantages.. has offset tax liability very well.

Hey Guy s..!

My experience from living here and riding bicycles everywhere tells me to drive the street(s) that you're looking on.

We are wondering if we add an extension to the house what type of permits would we have to get and possibly if anyone is familiar with how much the permit(s) may cost in the Sacramento area.

@Sherwin Vargas it's hard to say because I don't know all your #s, especially what you bought it for.

LLCs can also be taxed as an S-Corporation or C-Corporation.Hope  this helps.

Educate yourself by listening to Biggerpockets Podcast its`s free and you can listen to it while driving to work and so forth.