Rental Tax on Personal Income plus Finance QnA

[Able Waller]

I own only one property in my personal name. Everything else I am partnered on various LLC's for flips / rentals. On my personal taxes, how do I report and how will I be taxed for my rental income? Also, anyone have a creative financing idea for a guy that shows virtually no income for one of the two years' returns that would be requested. This would be a cash-out refi on the aformentioned one property (condo) and at the time of the application I have the choice of being either rental/income property or actually living in the property as owner-occ. Thanks in advance for any input.