It lets you front-load deductions and create losses on paper that offset real income.If you’re earning solid rental income or planning a new purchase, it’s worth exploring.

Quote from @Remi Sahai: I bought my home intending to create an ADU and rent it to meet my financial needs.

Our portfolio has grown significantly, with an expanding presence in markets like Ohio and the Midwest.Originally from Toronto and now based in Southern California 🇨🇦➡️🇺🇸.My team and I support investora from Canada through every step - from deal structuring and financing to taxation and asset protection.I’m passionate about simplifying the process and removing the fear and confusion that often surrounds cross-border investing.Looking forward to learning, contributing, and connecting with like-minded investors - especially those focused on value-add multifamily and helping others create generational wealth.Let’s connect!

We’re helping tenants create memories in the homes they live in, and we’re shielding owners from the day-to-day noise and stress that comes with it.You know why you're able to enjoy that ROI from a beach in Cabo?

I'm not a CPA, but my first thought is you have to pay self-employment tax on your s-corp payouts, but not on your personal properties if you don't have them set up in a partnership.So all you'd be doing here is creating an additional tax on yourself.I have the same thing (management company and personal properties) and I run them separately currently, but I have considered putting the personal properties into the management company but with a 0% commission. 

Classify all relevant metrics to create a “screen” or “score” in which notes will fall into various categories”categories” with notes falling into either ‘accept” or ” pass”.  

I don’t question your experience… however someone that creates a brand new account for the sole purpose of slander without any prior interaction on the forums does draw question mark.

Also I have not formed an LLC, but not opposed to creating one either. 

Have you created a Partnership Agreement to cover every possibility including: one of you wanting out or one of you dying?

Zero worries about the title or the loan's borrower, tax-wise.If your LLC files its own separate tax return (which would be unusual for your situation and requires another conversation) - your LLC can still treat this STR as LLC-owned, but you would need to create some documents to make things compliant.Now, to potential complications.