Tax for rental incomes from properties under LLC or S Corp

[Weng L.]

Hi all, I have a question on how tax is reported for rental incomes from properties under LLC or S Corp

Fannie mae and freddie mac limits each borrower to have no more than 10 financed properties. I've seen people mention that if a mortgage is not reported in the credit report under your SSN and if the property is under LLC/S Corp, lenders do not know you own these properties (with mortgages).

However, I was reading on how rental property income under LLC and S Corp are reported, and it turns out that both will require to report each rental property in either Schedule E (for LLC) or Form 8825 (for S Corp), is this correct?

If so, how can you hide properties under LLC/S Corp from lenders (in order to be counted as less than 10 financed properties), given the fact that each property address and mortgage interest are displayed in tax return?

* S Corporations

In addition to IRS Form 8825 Rental Real Estate Income and Expenses of a Partnership or an S Corporation, S Corporations must use IRS Form 1120S, U.S. Income Tax Return for an S Corporation, to report business earnings or loss and each shareholder’s portion of the corporate income or loss.

* Limited Liability Companies

A Limited Liability Company (LLC) with only one member can act like a sole proprietorship for tax purposes. The owner reports profits, losses, and deductions on Schedule E, Supplemental Income and Loss, like an individual rental property owner along with IRS Form 1040.