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

I am still doing the same work but set up the LT and LLC to provide improved asset protection but obviously want to structure my business so that I have both asset protection while maximizing tax benefits that i can.To be fair to my CPA he didn’t say this would be an issue, he is in the process of doing research to verify the impact of the organizational structure changes and I was looking to educate myself in parallel obviously hoping my research and my CPA’s landed in the same place.

In his initial email about the agreement he said:“We will be providing monthly updates to our investors, along with quarterly payments (or larger chunks depending on if we sell the asset off).

Just like tax reporting services for lenders. 

I paid about $10,000 in property taxes last year.

Depends on the Class of tenants you get!

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

The typical issue with SE borrowers with Conventional/Govt loans is that most of the tricks that reduce your taxes also reduce your income, which is what's used to qualify you for the mortgage.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.