Hi Guys, 1st time home buyer. What do you think of this deal?

List Price 249,000. 3 Unit Multifamily , one car garage

Expenses: Taxes 12,000, Sewer 1,000, Insurance 1000, Advertising 500, Hotwater 2000 ...

I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return.

How do we set this up to avoid paying self employment tax on the rental llc return?

Thanks

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