Like I've mentioned before treating your wholesalers right can be worth it's weight in gold!

Especially ridiculous that this buyer's agent thinks that defects communicated verbally by an inspector can/must be treated differently than defects communicated in writing.Then again, perhaps I'm the idiot...

Thats why the space treated needs to be vacant.

I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipassignments and/or double closings only (no flips/holds)I have other business interests so I will be high tax regardless.majority owner of S-corp for IT consultingW2 for my "reasonable salary" plus shareholder distributionsLLCs (and trusts, etc) pass through for owning rentalsLLC pass through for rental property managementLLC pass through for note holdingThis wholesale partnership will be the sole source of income for my partner.My primary concern is whether separate business entities prevent my rentals from becoming "inventory" when the partnership gets treated as a dealer.It seems a basic S-corp is the way to go with regard to earned income to minimize SE tax.  

Treated the subfloor with the Kilz that says it seals odors, only comes in a gallon size, was like $30/gallon at HD.

I have viewed a few of your other posts, and I really appreciate your attitude about finding heirs and treating the deceased with respect.  

As a buyer you do not have to pay any fees and since you are in an exchange you will be treated well (exchange buyers are our top clients). 

Thats what you're receiving but that figure must be treated for any tax deductions before it can truly be considered as a credit or debit.

What a treat to have a CPA who responds, is detail oriented, and a team player.

The LLC, which is generally treated as a partnership for tax purposes when there are multiple members, would be the "taxpayer" in this case.