My CPA said that, as far as an LLC goes, there are absolutely no additional tax breaks/benefits that an LLC recieves when compared to an individual filing his or her returns. An individual rehabbing a property would be able to claim exactly the same things (tools,materials, ect) as an LLC would.
Also, The passive income I would receive as a landlord is taxed as much as I’m taxed on earned income I receive from a paycheck .
I always thought that passive income was not taxed as much? Must be from all those Robert Kiyosaki books…