Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

He talked about getting coaching from them, and how beneficial it was for him.

Sometimes a refi or HELOC can be an alternative if you want to hold onto the property.If I were in your shoes, I would start looking at a refi first and see if that would be the most beneficial choice. 

If you needed the money ASAP that won't be super beneficial. 

Is it beneficial to look for QIs closer to the property or location is irrelevant?

As of now, I can see tax planning being beneficial to handle 2 people filing as single because we have to figure out how deductions from the mortgage will work.

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

Gaining knowledge about investor loans, like DSCR loans, can be particularly beneficial.

They are so tax beneficial!