The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

I am an investor based in Brooklyn New York and I own 12 SFH's in the Midwest.  

My best estimate of valuation is about $80,000 based on comps in the area.

Take the classes needed to get a RE license, pass the test, hang your hat under a RE broker, build up a client base, and start buying and selling RE for them to get hands on experience.

Hi guys,I have a question about financing...Just considering options... say your wife has a W2 income from her job and you have a W2 income from your own S-Corp(and your business has been around for at least 10 years but with fluctuating W2 income) and then your wife considers taking a break from her W2 income to recover thoroughly from her illness... outside of the W2 income we do have $30k-$40k cashflow from existing rentals.How hard would it be for you to get conventional financing with this scenario (losing a more consistent W2 income - even though her W2 is lower than yours) to finance our SFHs purchases?

Typically the seller is discounting his price based off of that amount.

I am based in Stone Mountain GA area but I am willing to locate properties all over GA.

FHA would be a no-go for sure ... traditional MAY be ok, but only on appraised value (based on original conforming floorplan), and you wouldn't be able to put the extra rental income towards your DTI calculation.

I don't think it's that great, but I don't really have any experience to base that on. $2200 would be at the high end of the market

According to Dave Ramsey put it in a mutual fund it should gain 12% but can fluctuate.