At the bootcamp, Frank said to have an LLC just for the property, and an S Corp for the manager. He also said it doesn’t matter what state the LLC is in, just look at how foreign entities are taxes in different states. I’ve heard Delaware mentioned a lot. Anyone have a recommendation on where to form the LLC?
Now that I think about it, its not really going to matter, because the cash flow wont be taxed at all because the interest and depreciation deductions are not too much less than the cash flow, plus I have passive suspended losses anyway. So…shouldn’t matter.