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We are in thinking about purchasing a four family residence where we will live in one unit and rent out the remaining 3. I wanted to know from fellow brownstoners out there how many of you have purchased your properties through LLCs?

We are thinking about doing the same, but we weren’t certain if it is the best course of action. We want to protect ourselves, but we also want to optimize our tax position.

Please share any similar experiences that you may have.