Flu viruses live about 2-4 hours before breaking down on fabric.

There are still benefits of having rental properties if your income is above $150,000.If you are a joint filing and living in Indiana, it is a good chance that your tax rate is atleast 29%(24% Federal and around 5% for indiana).If you get $3,600 of cash flow($100 per door per month x 3 properties), that is approximately $1,200 of taxes that you don't have to pay because it will likely be shielded by depreciation.More properties, more years, and you will have earned a lot of rental income tax free.It is a whole different conversation if you want to offset rental losses against other forms of income such as W-2.

If you are unsure of a particular deal, ensuring you have multiple exit strategies can shield you from potential plans going off course.

When forming an LLC to hold rental property (this is basically done for liability protection) is there a specific wording of the operating agreement that must be employed in order to achieve the strongest liability shield.3.

Anyway - my question is LLC vs S-corp as a vehicle to shield from personal liability and taxes.

If not, it is worth exploring an S-Corp, which would partially shield you from some self employment taxes while also providing a greater base of wages to take a 199A deduction. 199A might go away in 2026, so maybe don't make any radical moves just for the next 2 years unless the tax savings will be substantial. 

You will still be faced with the passive income loss limitation.In my opinion, continue buying quality real estate investments and allow the depreciation to shield your cash-flow.This will allow your real estate investments to grow tax deferred.

One often over looked over benefit of real estate investing is that the cash-flow is normally not taxed because it is shielded by depreciation.I think too many people get stuck on wanting real estate losses to offset their wages.I am getting 8% cash on cash return in real estate that is being shielded by depreciation.Plus I estimate that I am getting 4% appreciation on an annual basis.This 12% tax deferred return will build my wealth overtime.

The great thing about rental real estate is that all or most of the rental income that you get should be shielded by depreciation.The thing about a house-hack is that it is both a personal residence and an investment property, both of which have their own unique tax laws.

If your goal is to shield your personal assets from a suit that emanates on one of your flip properties, an LLC alone won't really hold up in many cases.