There are also a ton of books that are written towards SFH, but most of the analysis advice would still apply to the six-plex.

I'll detail my offer and hope that she applies the pressure on him to accept...Thanks again for your advice and perspective. 

When you apply for another residential loan for a rental or second home, you'll be able to show that the properties are owned by an LLC with financing in the name of the LLC and an underwriter should excluded from your 10 loan limit. 

Cars are subject to more restrictive tax depreciation rules than those that apply to other depreciable assets.

Then, this distribution comes along that is taxed like a dividend in so much there isn't FICA applied, but still like ordinary income tax rates.So, take the total income of the S Corp less any expenses/deductions (which would include your salary(ies)) and that is what is remaining to pass through to you. 

What matters his how you pay for it.Now apply this to your commercial property with all those potential costs you mentioned that will be needed within the next 5 years of so, and see what the numbers are for you. 

I have a good amount of equity on my primary home and currently applying for a HELOC.

Philadelphia currently requires you to apply for rental assist prior to filing for eviction.

At the same time, I'm about to apply for a HELOC to leverage the 150K equity on my home to secure some funding for my *first investment property*. 

Since he owns property, we would like to use them as collateral when applying for mortgages as the llc entity.