Quote from @Evan Polaski: @Jay Hinrichs, while I wasn't going to call them MLM, I did attend an Armando Montelongo (A&E's Flip this House from mid 2000's) seminar at a hotel conference room in 2007 or 08, which was the free funnel to spend $1,500 for a three day seminar or $25,000 for an in-person mentorship.I have seen similar promoted with Christina and Tarrek from Flip or Flop more recently.I didn't start realizing how profitable education can be until the last 5 or so years.  

Perhaps the SFR market is overvalued now and 1% rule is just a simple valuation tool like a P/E multiple in equities telling people to stay clear.       

Rental income would be reported on Schedule E, and these write-offs could offset other income if you qualify as a real estate professional.

And like any big money making business maybe 1 out 25 or so does anything that could be deemed successful the others just sell their books and tapes on E bay for 50 bucks.

Click link for more info.Join me at In Person Real Estate Meetup https://meetu.ps/e/LsW9D/8pT3T...

The commercial loan should go on your personal Sch E of your tax return too, if the property is used as a rental, where the mortgage interest paid will show.

For example, you may have one account for 5 different properties in 123 LLC and in another account, you have all the E main st LLC properties. 

Quote from @Devin James: The E-Myth is a classic!

Is this something that would interest you: https://www.redfin.com/OH/Cincinnati/17-E-Mitchell-Ave-45217...?

(R-E, R-1 6.