We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.

I’d like to avoid any interest bearing loans.

So, with much larger purchase prices giving him and the beneficiaries of his trust when he passes more money from the property in the end as well as a low or no down payment situation mitigating the capital gains tax he's responsible for, he is understanding the direction we have to go in order for this to be a deal for both him and I. 

Hello, I purchased a piece of vacant land in LA county through tax sale.

Hey BP Fam, I am a current wholesaler that came across a property with a $120,000 tax lien on it.

A house rule could be added that would clarify and help avoid misunderstandings if it stated, for example, if a person stays there more than 14 days in a 30 day period then they need to be approved as tenants or have some other sort of approval from the landlord.  

Your greatest challenge is going to be running this management company without the appearance of co-mingling all of the LLCs together.Bear in mind that one of the things that you'll be doing here is converting Passive Income to Earned Income via the Mgmt Company and that will be subject to self employment tax whereas had you left everything in the property LLCs, you'd have only passive income. 

My tax lady said it’ll be considered a loss and not to worry about it.

Basically trying to get the most tax benefits and protection as possible.

For example the last rental property we purchased we owe on it about $86K and if paid off would cashflow an additional $600 per month.Because of our household income I am worried that paying off properties would bring us into tax brackets.