We have a vacation rental that we're rehabbing. If we form an LLC to collect rents, this is where I get confused. You're rehabbing a property, but now you're collecting rents. In my world, those are two different business activities. And this LLC is owned by a corporation. I would never rent a property that's owned by a corporation. What role would the corporation play? How do the funds actually get from the customer to us personally? So, there are a few questions. Do you have an answer you want to give on this one first? Well, I think in this case, we're saying that the LLC that's collecting the rents, more or less the property manager, is owned by the corporation. That might be the case, in which case it should not be owned in that same LLC. Right? You don't want your rentals in your corporation, don't any way shape or form. Yeah, and the reason being is because if you ever take it out, it's considered wages, it's actually like active ordinary income. But in this particular case, there's an LLC owned by the Corp. Usually, what we're seeing is it's not owned by the corporation, but it's managed by the corporation. And so, we'll have an LLC that rehabs and does rentals, and it has a corporation that's collecting the rents, doing all the repairs, taking care of all the expenses associated with it, and then it nets out just like a property manager would and gives you the difference. Yeah, and I think we're used to hearing the term rehab used for people who are flipping properties. Yep, and if you're flipping, more power to you. You would just have the relationship between the LLC and the Corp is from a tax standpoint. The LLC...
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