So if you are purchasing a house with land, you typically would try to allocate more of the price to the house, as you don't take depreciation on land.If your goal is maximum taxable writeoffs and you have a number of other properties, you may want to look into cost segregation (but it won't be worth it if you only have this property).Keep in mind that when you sell the property, you'll have to pay tax on the depreciation (usually a 25% rate).Be sure to chat with a CPA about allocating the purchase price in a sale, as you need to follow one of the multiple acceptable ways to allocate.Also, depending on how the rest of your portfolio looks and your timetable for holding, being less aggressive in allocating the purchase to high depreciation items may work out better. 

I almost purchased the LLC on a commercial building with multiple unrelated members. 

You can certainly find lenders and products which will consider the rental income for future loans.I don't have much knowledge of LLCs, but this doesn't sound like the right move to my untrained perspective. 

Now, if you are flipping in multiple states, then I recommend just having one entity for that and then registering it in the different states.

I'm only speaking from what we do and realize that there are multiple ways of doing things.  99% of the time the tenant cannot purchase it because our program requires a down payment. 

I always assumed it was multiple users within the same brokerage. 

My landlord sued me 5 times over a year with multiple phony claims.

The problem is he has his bottom, and stated it multiple times. 

You will need to be prepared to pay what the market demands and potentially lose out on a lot of multiple offers before having one accepted. 

I am just purchasing a second investment property. imI use them both as short term vacation rentals. They are both under the same LLC, so are OK being under the same Quickbooks company file - however I want to make su...