Best Business Structure for Condo Conversions

[Jon A.]

Hi All,

I originally posted this in the development forum but maybe it's better suited to this forum.

I'm transitioning from buying and holding small multi-family properties to doing condo conversions. I know that, from a tax perspective, LLCs are best for buy and holds and that LLCs taxed as S Corps are best for flipping houses.

What is the most tax efficient structure for condos? I intend to sell the majority of the units but hold a couple for rental.