Scenario 1: I just want to be able to purchase property through an LLC. So i'd like to "manage" current rentals through LLC and show money in and out of the bank account created for the LLC.
Scenario 2: Multi Member LLC with a partner on a real estate deal. I manage the property he's a cash investor we split cashflow but I am not on the deed currently. What's the best way to handle this from a tax perspective?
