I'm looking at forming an LLC to buy rental property with a friend of mine. What's the best way to take advantage of tax situations such as S corp vs C corp? I've looked across many web pages and find them to be kind of vague as far as what I can/cannot do. Any advice would be nice.
Together we both have the money to cover downpayment of 20%, closing costs, and 6 months worth of expenses. The property is in good shape and all 3 units are rented currently with no known plans to move.
Submitted March 15, 2018 at 09:01PM by imgursucksnow http://ift.tt/2GxoITp
