I recently inputted the keyword searches you can create in your profile and it is invaluable to getting content that is important to you.

Think big, start small.Multifamily will allow you to scale and create a great businessBestGino

So my wife and I created an LLC with an EIN and are about to fund a company bank account with our savings.

Given this, I am going to be creating an corporation in the state where I will be buying properties (Florida).

If we plan on purchasing more investment properties in the future do you suggest creating individual LLCs for each property for further protection?

@Karen Higgins Short answer: If you OR your husband are not a 'real estate professional' then unfortunately there is a limit to how much of the passive losses created by depreciation (accelerated or not) can be used to offset your 'active' income.

Here's my plan:I want to be financially independent by selling my personal residence and investing the proceeds to pay my living expenses.If I net 180k from the sale and use 10k toward the downpayment on my next resid...

This will tell you how much additional tax your property created. 

I would be interested in seeing how I can help and possibly create a win-win situation let me know what your working on and how I can help thanks.

p...It's free and you may have to create a new account..Or this website for the state of Michigan: https://publicrecords.netronline.com/state/MI/And for Oakland county: https://www.oakgov.com/clerkrod/rod/Pages/landacce...Good luck...