If you get to my class you'll find that I'm not obligated to spoon feed the basic concepts of RE, that is your resonsiblity to get that before you come to my class. If

If you conduct all activities under one classification, it will be very difficult to minimize the tax consequences of each.

With those classifications of "ghetto" and "warzone" and "class C" versus other classes, I seem to rent out properties in "class C" areas.

Its personal preference.Regarding the classification-Not sure if I understand the question completely, but single member LLC's (unless you opted otherwise) are disregarded entities, and therefore, there is no balance sheet on the tax return.

I've taught Dave Ramsey's Financial Peace University through my church and I thought maybe it's worthwhile to offer to send my renting families through the class?  If

I have rental property in the city of Frederick, MD. where source of income is a protected class.  If

For purposes of this Code, a general announcement may be defined as a general telephone canvass or a general mailing or distribution addressed to all prospects in a given geographical area or in a specific profession, business, club, organization, or other classification or group.

I guess the takeaway is that it largely depends on the quality/classification of the property itself, but in the right properties, it’s not a downside and can potentially be a benefit to cost and upkeep. 

I'm assuming you don't meet the tests for 'real estate professional' classification and your rental real estate tax income/loss will be passive. 

JC, you can file IRS form 8832 to change entity classification for your real estate holdings.