How does taxation work in this case if we both form a single person LLC? 

Facebook is putting in a zillion $$ server on 400 acres and more as Atlanta being the corp head quarters of the SE.In an area with growing jobs, you will also see few rentals,,, make sense? 

After the Fed announcing today that they have raised the interest rate by a quarter point today and saying they will keep raising rates with the next proposed hike coming in December and three more next year borrowing money will continue to get more expensive.With an already tight market in almost all areas this will make deals harder to come by.

He has another quarter of century sentence to serve over stupid rentals that he should not possess. 

https://www.bea.gov/news/2018/state-quarterly-pers...Great information about Texas there!

You will need to make sure weekly, monthly, quarterly and annuals goals are met, vacancy is kept to a minimum by either increasing your renewal rate or always marketing, keeping a tight watch on all R&M/capex as well as managing your cash position. 

@Joshua Callanan In Maryland, I go to the Department of Taxation website and search the legal entity search.

It usually happens over the decades when a locality upgrades a computer system and/or they change their parcel number scheme and it slips through the cracks so to speak... or on lots that have been held for a very long time, ie pre-computers... there are these 1/8th, quarter or half lots that are basically not "buildable" on their own... they are thought of as attached to the parcel next to it that usually does have a structure of some kind, but they are taxed separately. 

Income from passive investments would be sheltered from taxation in a 401k.

Was only invested part of the quarter, but annualized it looks to be around 8% dividend.