If your reading some "How To" that came out between '2010' and '2020', that's some good fire starter, and that's about it's value in this market cycle and odd's are the market cycle of the next decade or two. 

An LLC is useful for two things: anonymity and legal protection.

An LLC is useful for two things: anonymity and legal protection.

I've seen a situation two years ago where a new landlord had trouble evicting a tenant who was constantly late on payments because the tenant argued that the late payment terms in the lease had not been honored since the start of the lease and couldnt be suddenly enforced because of this. 

And im looking at a quadraplex a 5 min drive from the casino.

But what you make and what the IRS thinks you make can be two very different numbers. 

I currently own two properties - my primary home and a vacation home in Truckee we rent out on Airbnb. 

The property has forced air furnace in one unit, two boilers heat the other four units. 

And because it’s a logistics hub (FedEx HQ, major distribution centers, and growing industries), rental demand stays strong.I’ve been in Memphis my whole life and have spent over two decades helping investors navigate this market and build profitable rental portfolios here.

As a company, the first two years when making a profit the company tax is 15% and from the third year onwards this becomes 25%.