It solely relates to the decision to be taxed as an individual where you can claim business income and expenses on your personal tax return.

@Giles D.You may actually owe the IRS money if they claimed bonus depreciation.

They claim some great untapped off market stuff etc. https://connectedinvestors.com/software

Too many STR owners claim they are bringing in $80,000 a year, but they don't tell you how much they actually net after deducting all the expenses.NOTE: almost every STR owner cheats on their numbers.

The scammer either:Claims they work for us and our systems are down forcing them to use their cell phone or claims they are the property owner and have terminated us because we couldn't find a tenant for them.They ask for either half a month or a full month of rent upfront, via Venmo, to schedule a MoveIn, but don't really ask for any documentation.These prospects aren't even in our software systems yet and all the correspondence is via text.

Claims she would make me a great deal to get rid of it...

I ran into this scenario earlier in the year as I did a 1031 Exchange of a home in my name, and by the 1031 Definition, the new properties had to STAY in my name.Also, if a lender finds out that you did a "Quit Claim Deed" and transferred the asset into a business, they can call the "Due On Sale" clause which means you owe back the entire amount of the mortgage within a certain amount of time.Again, if this is primarily for asset protection, what I ended up doing is starting up a Land Trust for each property I purchased. 

If a seller says a home has a new roof, deck, addition, etc. and want to get credit for the value add, but there's no permit to back up the claim, forget it.

Are you claiming the rental income on tax returns?

@Ashwin kumar Kovur what data has your agent supplied to back up their claims?