Your LLC can be taxed as a sole proprietor and for the LLC to do as intended ("Limit" your "Liability") you must completely separate personal and business expenses, credit card, bank accounts etc etc and obtaining bank financing may be impacted.

Under that structure you would be regulated by the SEC and the whole deal should be structured accordingly.If you are planning on having some level of active involvement in the operations and not completely relying on someone (The GP in this case) to manage your capital with the expectation of future financial return on your invested capital then you can go ahead and just go the "partnership" route.

RE requires you to be hands-on unless you are willing to be completely passive and give up control and a lot of $$ to a manager, partner, etc.

For context - I’m a newer landlord myself with 2 current rental properties (one I just completed tenant lease signing for today) and had a third rental property which I sold about 3 of years ago.

Hello all, I bought a new truck for my business last year and claimed the entire purchase price as section 179 depreciation.

Last year the tenant we inherited moved out and we completely renovated their unit and got another tenant in it.

Using sites like Upwork allow you to easily claim the expenses for the work completed. 

It won't stay around long enough for me to complete a pitch deck, approach investors, work on those details, and then return to the seller to make an offer, especially in the current market. 

How long ago was the original appraisal completed?

Love it mainly because they have an amazing app for tenants (which actually seems a bit more complete than the landlord app so far) that even has features for tenants to use with roommates.