Historically this property has cashflowed, but not yielding an annual amount that's really making a high impact towards overall business growth ~12k per year.

As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.

I'm not a professional Tax person.

Definitely get with a qualified tax professional on this.

Readers should seek professional advice.

Matt Scott, Incite Venture Capital and his team can be summarized as follows: over priced, non responsive, non professional agreement breaking, chip on their shoulder and otherwise a bad investment.

By preparing for down payments, understanding realtor fees, and partnering with experienced lenders and legal professionals, you can make a sound investment in a secure and thriving real estate market.Take advantage of this opportunity to turn your housing allowance into long-term equity.

For example how do you identify with confidence that your market attracts more professionals vs. families vs. bachelor/bachelorette parties, etc. and therefore how you'd know which amenities to offer?

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.

This can create deprecation needed to offset these gains, and we don't need to qualify for real estate professional to take advantage of it in this case here.