Have a question on LLC business structure, is an S-Corp supposed to be at the holding company level or individual LLC Level? I have two options here, I've confused myself - is one better than the other? I'd prefer to just have one holding company, ideally, but I'm not sure that's best and any tax implications, etc. surrounding that? My concern is that having mutliple S Corps would be a huge burden with payroll, etc. It would prob be easier to have all my active LLCs under one holding company that is an S Corp, and then all my passive LLCs that own properties, under another holding company that is passive. What's the right answer here? Whatever it is, would you mind explaining why one is better than the other?

Ryan, currently I’m an STR investor, but looking into potentially entering the commercial space with either self storage or RV park investing. I’m curious your perspective on the tax advantages or disadvantages when compared to STR investing.

We purchased a property for 386K and sold it for 540K. No major CapEx. We owned it for about 5 years so we have ~25K in depreciation recapture. We're looking at condos around the 400K-500K range (that we'll fix up to force appreciation). I spoke with our QI and they told me about construction or improvement 1031's. They charge an extra 5K more than a regular 1031 for this. I think the tax benefit is worth the additional fee but not completely sure. Trying to understand if this makes sense or if there's anything we should be aware of. Also, another idea is to purchase the property for 540K, and ask for a seller credit (to be paid outside of closing) to handle repairs. Is this kosher? Basically, we're trying to do a "full" 1031 but we don't want to over-leverage right now. Any thoughts/ideas are GREATLY appreciated. Thanks!!

Hi everyone😊 I have 2 quick questions. First, wondering if anyone has a recommendation on the best bank to use once you've set up your LLC for your first rental property? Or any to avoid? As I plan to have separate LLC's/bank accounts for each property, I would like to make the right choice the first time around😉 Second, any insight on "The Offer Sheet"? I am subscribed to their free newsletter - they are offering 40% off today (for their annual PRO program). Would love to hear your experiences. TIA❤️

I was just doing some tax stuff and wondering about cleans. When we are charging guests for cleans, is that still an expense we to include in the P&L?