On here there are people who wanted to know about the program and almost no one could say it worked or not.- I found one lady online give an independent review, and as I said she was lower income, didn't say anything bad, and put the blame on herself.

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?

Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

Everyone gets in expecting easy cash flow, appreciation, and passive income.

@Fulati PaerhatiA 1031 exchange is a powerful strategy to defer capital gains taxes and grow your rental portfolio.

Any guidance would be most appreciated, so we can be better prepared for our tax returns next year.Thanks so much for your time !

How do you tax thin air.

I have a template that I use that includes projected income and projected expenses and I run the calculation myself, but if you like ones that do it all for you in addition to what has been mentioned above AirDNA has one as well.

An LLC is really a partnership that has been given the same liability protection that a corporation gets BUT they get pass through tax status.