What would be the advantage of investing there if your rental income is taxed like ordinary income?

In other words, it is the amount of long-term gain attributable to depreciation that is not required to be treated as ordinary income pursuant to the Section 1250 recapture ruleHowever, if there were cost seg done, there might be some 1245 and 1250 depreciation recapture.

@Carson WrightLLC's are likely the most versatile entity structure if we are just talking about US Citizens / Partnerships / Corporations as members.You may have to think of other structures when you are considering taking on foreign individuals / exempt organizations.When it comes to ordinary income, speak to an accountant to see if an LLC taxed as an S-corporation makes sense.Best of luck

Tenants need to expect that.Second, I warn anyone going into an upstairs unit that their ordinary noise may seem excessive to the tenants downstairs.

- Yes, can you deduct any necessary and ordinary expenses to run your business? 

@David RosenhausI have bought a similar note and it listed each property on it and it had a commercial mortgage that listed all the properties on it.Without seeing it, it’s difficult to provide advice but it’s not out of ordinary.

Because of passive loss rules, you won't be able to offset ordinary income with losses from passive investments.As your sister plans to live there long term (maybe forever?)

The income will most likely be taxed as ordinary income at your marginal tax rate, plus you're likely to be on the hook for self-employment tax for some/all of the income as well, depending on how you've structured the LLC.Long story short, flipping is *not* a good way to shelter taxes.

When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time?

A pig is not listed as an ordinary household pet and I doubt they can justify needing that specific type of animal.www.hud.gov%2Fsites%2Fdfiles%2...