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<p>Its a personal choice, if you want to be in a pressure cooker, keep those mortgages and invest inheritance loot in other vehicles such as stocks, bonds and mutual funds. I can feel the pressure on finding good tenants on turnovers and if you found a wrong(bad) tenant, it will be more trouble for you down the road. What if you lost a job, the market is down and got two evictions going at the same time? I cannot even think of the consequences, no matter how low the mortgage interest is.</p>
<p>Yes, at 70 1/2, when I have to take out the 401K as ordinary income, I have to pay taxes, but I don’t have to take it out in a lump sum and hopefully I can have my retirement covered by pulling out a little bit at a time based on the table. I can also turn those flippers to renters and live off the income.</p>
<p>There are MANY discussions regarding the pros and cons on LLC vs S corp vs single proprietary on Youtube and Google. Depends on the individual case, you should form the entity carefully when investing.</p>