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.

Here is an update on a black couple who, after "whitewashing" their home, saw an almost $300K increase in the appraised value of their home: https://www.nytimes.com/2024/03/25/realestate/racial-bias-ap... maybe we should have a law or option that we can select our own appraisal , just like we can select our own realtor so all these stupid problem is gone.

You need to talk with your attorney and tax advisor to determine the best structure for you and your goals.One big positive in LLCs, even though the cost to finance is much higher (more down and higher interest rates), when you get commercial loans, they will no longer be on your credit report.  

You are going to see these benefits in the long term, and while you live there you will save on your monthly expenses and also get tax benefits doing so. 

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.

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. 

You'll pay long term capital gain taxes so let's say you're net will be $300K. if you rent your 2nd home for $5K you will net (5 minus 3.4) $1.6K per month. 

Fence in the portion of the lawn that will used by tenants, not sure the exact law, but be clear in your listing, that they cannot use the whole property, tbh idk what someone would need more than say a half acre for, unless there’s like hunting on the property or something.

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.