Good afternoon,A little confused on the Kentucky law for security deposit.

File for eviction...

@Alfred LittonLLC's are considered pass-through entities so the income/losses earned by the LLC are allocated among the members of the LLC.Ex - LLC earns $50,000 of income where the LLC is owned by 2 members owning 50% in the profit and loss of the LLC.The members would then report $25,000 on each of their individual return.The members report the income regardless of whether the LLC distributes money or not.A couple of things you may want to look into.1) Are you required to file a partnership return?

@Ramzi Nuseibeh I actually like to hold each property security deposits in a separate account.

There are some Real Estate deals structured as Real Estate you can 1031 into if you are not an accredited investor and there are DST type properties (securities) if you are Accredited. 

(So I live in it too) While filing my tax returns, however, I ran into a few issues.

It jumps to 30% the day after.After the 12 months, the new deed holder needs to file a barment - foreclosure of redemption - to take ownership of the property. 

As a foreign investor I think you will need to leave 35% of the profits parked with the IRS until tax time - which means you'll have to file some sort of US tax return.

Nathan;Assume by conventional you are referring to bank financing.The short answer is there is one answer, for example it may depend on Location of the property (state and MSA)if the investor has a green card or investor visa Property value and loan. loans over a $1,000,000  are easier to secure loans i.e. bank, Freddie Mac, etc..      

You will have to pay an annual filing fee with the secretary of state to keep your LLC current with the state - generally this is some nominal fee on the order of $100/yr.