However, it might also incur additional accounting and tax complexities.Non-Real Assets:Holding Company: If the non-real assets are essential to the operation of the property, holding them in the same company as the property (either operating or holding) makes sense for financial reporting purposes.Separate Entity: If these non-real assets are more independent or potentially have different risk profiles, consider holding them in a separate entity owned by the holding company.

Who's going to claim the 1098 interest from the mortgage on their income taxes?

If you're working with a tax pro, they should be able to run a comparison for you to show the differences.

Looks like in my lease I have that it is the tenant's responsibility if there is a foreign object other than toilet paper that causes the clog but it fails to specify determining fault.

@Chad Hale there is an exception to the first year annual tax for tax years beginning on or after January 1, 2021, and before January 1, 2024, LLCs that organize, register, or file with the Secretary of State to do business in California are not subject to the annual tax of $800 for their first tax year....

From the nightly rates you can estimate the monthly income, minus tax, insurance, cleaning fee, ect. ect.

buy low sell high  sell for cash for carry contracts.U find land at Tax sales a lot of the time. or you use whatever direct marketing concept you can afford  direct mail telemarket etc.you need great phone  and closing skills .. anyone can get leads but without closing skills your success rate will be limited greatly. 

They would pay the taxes, insurance, HOA and all maintenance/repairs, and I would pay the P&I. 

Proceeds from that sale are tax deferred and it made buying up on an asset easier.

Did my title search, tax search.