Generally if you average 7 or fewer nights or 8-30 nights and provide "substantial" services such as tours, house cleaning during a stay, meals, etc you DO have to pay self employment tax.Kudos to this CPA site (tarlow. com/2018/01/02/tax-ramifications-short-term-rental/):"When property is rented for short periods, special (and sometimes complex) taxation rules come into play, which can make the rents excludable from taxation; other situations may force the rental income and expenses to be reported on Schedule C (as opposed to Schedule E).If you have been renting your home or second home for short periods of time, here is a synopsis of the rules governing short-term rentals so you can prepare yourself for the upcoming tax season.Rented for Fewer Than 15 Days During the Year: If you rent your property for fewer than 15 days during the tax year, the rental income is not reportable, and the expenses associated with that rental are not deductible.

As I grow my portfolio, I want to reduce risk, taxation and free up my personal cash vested.

When it is, it comes out as either salary (taxed at your marginal rates) or are dividends (read: double taxation).Have a CPA run an effective tax rate projection for the three entity types and discuss the long-term pros and cons of each (including exit strategy).

Result is I claimed 15,000 depreciation which when I sell, i have to pay tax at ordinary income tax rate.If i do not claim "active participation", then the 25,000 will be carried forward as "suspended loss", and if i sell my property next year, the 15,000 depreciation that was not used can work to reduce my depreciation recapture income / tax.

The purpose of a consolidated return is so those non-residents do not have to file a state return and just pay their share of tax at the entity (1065) level. 

The Department of Taxation, which regulates cannabis in Nevada, rolled out a new virtual inspection process in tandem with the governor’s order so that it could quickly approve more vehicles to deliver and allow dispensaries to meet that need.Regulators received 127 applications and approved 101 vehicles to deliver cannabis on Saturday and Sunday alone, according to Cannabis Compliance Board Executive Director Tyler Klimas.

Louisiana has the lowest property tax at about .5%.If you meant income tax it likely won't matter to you as any income tax that you would pay to another state will likely be creditable in full against your CA tax as lucky us we have one of the highest state income taxes in the nation.

They mention that there are things to alleviate double taxation but sometimes those points can be complex.

Especially if you are doing larger projects where there is more likely for something to go "bad," you don't want one lawsuit in 'Project A' to affect any of your other projects especially when you might have different investor / limited partners for your projects.The general concensus is NOT to use C Corp for and any long term holds because of the double taxation (and I think there was something else about if you were to transfer the property...). 

LLC can be taxed as a corporation if you have filed Form 8832 for the LLC, if that is the case, the LLC will be paying the taxes due and probably at a lower rate (but watch out for double taxation once at the LLC level and another at the personal level), that's my understanding, again best to speak to a good tax accountant or tax lawyer before making a decision.