It sounds like your goal is turn your cash into a stream of monthly cash flow. 

I now help and show people how to use some of their savings to create stream of income by investing in multi-family.

Hi @Rich HupperTo answer your original question, you can convert to an S-Corp and possibly backdate the effective date to avoid SE tax.To save even more on tax you can employ other strategies such has hiring kids, augusta loophole, revenue stream separation, section 105 medical expenses reimbursement, etc....There are a lot of possibilities to save.

I know income streams are more expensive in LA, but like I said, that's cap rate stuff.

Note EVERYONE - the MAREI meeting is this TUESDAY July 11th - and this is one night of the year that first meeting is not free - save that one for August - this meeting is all networking and is our annual event to raise money for Harvesters - so there is a cost  - - all of a $5 donation to Harvesters.We have over 20 sponsors with booths to share their services with you.We have about 15 to 20 experts around the room ready to answer questions on all sort of real estate investing topics.We will have Hot Dogs till they run out, We hope to stream the All Star Game, but not sure if the Internet will be strong enought.There will be a cash bar.Will be from 6pm to 9pm with overflow from 9 to 11 in the hotel bar.Holiday Inn at 8787 Reeder Raod, OPKS.Please if you can RSVP at MAREI.org - there is not cost to RSVPHarvester's will be collecting donations at the door.Oh yes, wear your Baseball Gear and bring lots of business cards - we had over 112 people last year and are expecting around 150 to 180 this year.  

Why - because if you are doing business as an entity to cover your legal liability, then putting different types of incomes into one entity exposes both income streams to each other's liabilities, which defeats the purpose.Three - if the asset you are buying is 5 units or more, or non-residential, the answer is yes - set up an LLC.

The best part about the person who owns multiple properties (ex. 10) is that you can use the multiple income streams to pay off the lowest value loan, then snowball that into paying off each house quicker & quicker.

I recently listed some parcels with a REA, but I started to think about building vs multiple streams of income.

It can add additional streams of income for you, and rent to own tenants usually take better care of the property since they have a strong sense of ownership.

As a result, Plaintiff’s revenue stream was cut off.