Ok cool, I think thats more what I am after is the LLC income for future purchases ATM.
Last question, if its a multi member LLC and the property is in my partners name, but we share income 50/50 it seems the consensus is that it wouldn't make sense to utilize the same method of running "property management" income/expense through an LLC because of no way of writing off depreciation/interest? Is it not is it smarter for him to claim all income and split taxes up on back end? or what are your recommendations?
