The problems created by these LLC are the cost to maintain the entity (state fee, registered agent), maybe a 1065 informational tax return CPA preparation cost for multi member LLC taxed as partnership (but you can also do it yourself), the higher cost of credit (lending rates for LLC is usually higher than for individuals, and lenders are more difficult to find), and the cost of using a lawyer to represent your entity in court when needed.On the other end, they will insulate your assets in case of lawsuit from either inside liability or outside liability attacks.

Namely, if we were to keep these homes until we retire, we would have this wealth, but 1- we would have to maintain them, deal with the tenants, etc.

Namely, if we were to keep these homes until we retire, we would have this wealth, but 1- we would have to maintain them, deal with the tenants, etc.

Hi I do remodeling and handyman services in the area of Geneva IL and have worked with builder but want to grow business and maintain busy

So I dont know what overhead would be if I owned it and I am paying someone to maintain and fix the things that he currently DIY's?

Well maintained interior offers an open floor plan with picture windows and a designer palette throughout.

Well maintained interior offers an open floor plan with picture windows and a designer palette throughout.

Well maintained interior offers an open floor plan and a designer palette throughout.

Well maintained interior offers an open floor plan and a designer palette throughout.

Well maintained interior offers an open floor plan and a designer palette throughout.