I recently sold a day spa in Silicon Valley that I operated for 30 years; I've also concluded 20 years of spa management consulting and am ready for a new industry (even though I'm shocked to discover that landlording does not include free facial treatments and pedicures.) 

There are numerous types and uses of property that qualify and it is up to you and your accountant to be comfortable with your treatment and intent for qualification of the property.  

But I've also talked to people in the community who totally hate the look, including, households with young kids and those of retired couples.You probably don't want to be the only house with the drought tolerant plants or else you'll stick out like a sore thumb. 

This does not suggest any sort of recovery in the economy, and frankly, it suggests that house prices are being propped up with investor money, that is bidding higher and higher.I cannot believe for a moment that this is sustainable, especially since most of these investors are leveraged up to their eyeballs in debt, and if the market rate for rent goes down, there will be some extremely sore investors out there.However, it is nice to know that when the market corrects again, our strategy of building a war chest for failed investment properties will make us a good return in the future as it did last time round.

It means that income is taxed as if you are self-employed vs. the preferential tax treatment of investments.

But I simply let her know my opinion that a treatment does not guarantee a resolution to the problem.So, I have to seriously consider cancelling my contract once this is verified by the proper people.So back to the original question.

A single member LLC is disregarded for taxes, unless you elect special tax treatment, so thats irrelevant to the discussion.

@Kathy PattersonThe tax treatment of an IRA is the same, whether it is invested in stocks or real estate.  

My market is so red-hot that selling by owner isn't difficult at all.

I receive the assignment agreement in my inbox several hours later in the day, and everything seemed standard but a $1,000 EMD required the very next day and a 7 day closing stuck out like a sore thumb.