I purchased one fourplex in CA last year with one partner. Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost. Per lender's requirement, the title is hel...

Earlier today, the Institute for Fiduciary Standards gathered, and part of what was discussed was the negligence of the "infinite banking" community in not educating themselves on holistic financial planning and how they violate their fiduciary duty to clients.I believe that @Thomas Rutkowski,@Brandon Beaudoin, and @Deb S. 

It gets the best treatment.  

Passive income is certainly the name of the game - building a real estate portfolio and creating generational wealth are key ingredients to long term holistic financial health and success.There are fantastic real estate investment opportunities in various markets, particularly in the Midwest and Southeast of the country. 

Best results would be to find treatment centers and ask them where they refer their people for housing on the other side of treatment.

But since you have already taken bonus depreciation while it was an LTR, this may not even be a concern for you.There're other potential complications such as a different depreciation schedule, treatment of previously suspended losses, and so on.

Recharacterize part of the sale—potentially changing capital gains treatment (talk to a CPA)Usually it is something like this- Short-term (0-3 years): 5%, Mid-term (3-9 years): 4.5%, Long-term (9+ years): 4.2%I also watch Pace Morby and this here are a few things he does or I think he does: Price Adjustment: Sellers increase the sales price instead of charging interest.

While holding a property for over a year generally qualifies for capital gains treatment, intent at the time of purchase is crucial.

It seems there is a fair amount of angst against municipalities and other local governments due to their often-hawkish treatment of short-term rentals.

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.