What type of business structure is recommended to someone who’s is not a real estate professioanal but wants their RE business to be more structured, protected and tax advantageous.
I currently own a few properties and thinking about setting up an LP or LLC to manage them for me.
Would this structure be recommended in order to meet my goals?
Is this a legitimate type of business?
Would I be able to deduct my business related expenses?
Would this be considered a hobby/activity entored for profit/or a business?