A C or S Corporation may save on self-employment taxes.

If you’re raising capital for a real estate fund or syndication, you’ve probably heard terms like 3(c)(5), 506(b), or 506(c) thrown around.

I got my start in real estate investing doing BRRRRs in C & D neighborhoods.

In my market class c- areas have appreciation that exceeds most markets class A areas.  

The a/c unit went out in one of my  studio units and the replacement is on back order. 

Quote from @Tricia York: I would really suggest you get an estimate from a licensed contractor to really know what numbers you are at for the C remodel.

Some food for thought questions that went through my mind as soon as I read your post:[1]   Are there other C, C+ homes and apartment complexes in the very near area?       

Do you think it’s better suited for B-class or C-class neighborhoods?

Setting up a new LLC for each flipping project is a common approach to limit liability, but as you mentioned, it can get tricky with all the bank accounts and bookkeeping.One option to simplify things is to set up a holding company (LLC or C-Corp) to own the individual LLCs for each project.

IRC 469(c)(7)(B) and Publication 925 back this up, stating that the active participation of just one spouse can turn the entire rental activity non-passive.It sounds like your CPA may have misunderstood this rule.