@Jim Chung There are three forms of LLC, simple LLC (not elected to be taxed as a corp), S-corp status or C-corp status.

I was wondering if anyone can shed light on the most efficient method of proving accredited investor status, from an investors perspective. 

My rental is owner occupied so umbrella ella won't affect anything with that status correct? 

The status of the LLC is reported as 'inactive' in state records.So who can sell the property?

The law generally doesn't allow deadbeats to stay in your rental, regardless of their victim status.

My sister thinks that even after the conversion to apartments, they remain status symbols.

They definitely provide amazing service and are only a few reviews away from super host status on Airbnb.I’ll definitely look into airDNA.

The benefit is normally higher in commercial properties.Regarding the tax savings, it will depend on several factors such as whether you can claim real estate professional status(your title says realtor so maybe) and what the properties you placed into service in 2020 cost and how much you can convert into assets that are eligible for bonus depreciation. 

Jordan Sizelove,I don't know what CPA you talked to, but an LLC can elect any type of tax status.

Change in family status: If your family status changes, such as getting married or having a child, and the property is no longer suitable for your needs, you can leave the property before the one-year mark.Divorce or separation: If you're going through a divorce or separation and need to move out of the property, you may be allowed to leave before the one-year mark.5.