I have done some research on Athens, AL, Florence, AL and Muscle Shoals, AL.

The plan is to pay them back but I am worried they may not declare the interest income.

It seems to me reasonable to declare myself a real estate professional this year, and in preparation I have been documenting my hours through a tracker with supporting emails, photos, etc.

The declaration page shows personal name and LLC listed.Now I am trying to add them in Umbrella policy but the agent says - Rental properties would not be included under the personal umbrella because they are insured as LLC.What is my best option ?

All good points, that's why I want a buyer to make an affirmative declaration so the seller knows.I have having the default on a clause being local law that's not there. 

(You can review your insurance policy for the specific language of who is considered a named insured) We have our personal names listed as additional insured, along with our property manager even though us personally and our property manager are covered in the policy language, it feels nice to have it on the declarations page as well.Depending on the age of your conventional loan, you can change ownership without consequence to your loan structure.

Seems the broker's MO is to buy the listing, botch the marketing, then feed deals to this buyer.)In any case, I was able to intervene with the living trust assignment and declare that the assignee borrower could not be a disregarded entity, essentially because a person can't guarantee their own debts -- and a disregarded entity is "still them". 

As LL our income is on a 'cash basis' so when you get it is when you declare it.

So if you do elect to be the muscle side of the deal and act as the project manager, you should negotiate accordingly.

Yes there is something to be said for feeling American gas muscle gurgling under your seat but the most fun part about driving sports cars is the torque and EVs can't be matched in the feeling of torque.