I am very reluctant in falsifying her rent by $375 a month, especially implications with the IRS because then it would appear I was understating my rental yearly amount reported to them.

Not to understate the seriousness of those who have died, especially since it isn't over yet, but everything I am explaining is a nationwide reaction, while 95% of the deaths have occurred in only one district and still far less damage than the normal influenza virus.   

In either case, since the husband and wife are joint owners of the LLC, tax information related to the LLC can be discussed with either spouse.Where spouses are the only owners of an unincorporated business entity and hold their interests as community property under state law, they may choose between partnership or DE status. 

For the fist time I feel like I have the knowledge to be comfortable and confident in taking action, and I have a better understating in all the investing perks of real estate, it’s only made me more hungry to do this.

PITI dramatically understates the total cost of owning a rental property.Depending on financing, expenses, vacancy and whether or not you're able to raise the rent, your cash flow might or might not increase each year.  

@Steve Orluski you have provided zero info and not really understating what renting a property has to do with selling it .

House Moves Forward on Vacation Rental Bill The effort to bring short-term rentals under state control could help ensure that advertised rentals on sites like Airbnb are licensed and collect and remit taxes.TALLAHASSEE, Fla. – For the first time, online platforms such as Airbnb would have to collect and remit taxes on vacation rental properties, ensure that only properly licensed rentals are advertised and provide the state with specific information about the rentals, under a proposal headed to the House floor.In exchange, short-term rental regulation would be “pre-empted” to the state, largely preventing local governments from regulating vacation rentals.

Can you build an ADU as of right under state law now?

I might be wrong but that’s my understating.

This brings purchase price = .75*270-90 = 113k Even if rehab can be done for a lot less, say 60k, thenPurchase price 2= .75 *270-60 = 143kPerhaps I understated the ARV?