Over the past two years, I derived an annual income of around $12k from a part-time online sales venture, which is duly reflected in my tax filings.I am navigating the prospect of obtaining an FHA loan for house hacking.

It is kind of a derivative or "other use" of the appraisal, which is unauthorized by the appraiser or client.

@Tim Schroeder CBIZ and Proper policies are crafted to meet the insurance needs of properties where the majority of the revenue is derived from Short Term Rentals, 30 day or less terms. 

@Garrett AyersNot sure this question can be answered without knowing who the grantor of the trust is, what is your intended outcome of holding the property in an entity, and who is intended to benefit from the profits derived from the property.

Many good syndicators will leave these clubs over time due to imposed restrictions on deal structuring and then they enter another world unbeknownst to them that can be challenging because the network was derived from club members and they are no longer with the club.

The issue is that this appraiser only has 1 other property that has a converted garage studio and derived a value of 50k for it, then applied this value to the other SFH comps in our neighborhood.

Breaking this down, I think I am deriving at the following:1) If Trusta) sells an LLC (which the trust owns) to a third party (a person or legal entity that has nothing to do with the trust; this could, however, also be the Settlor of the trust!)

You pay UBIT on the income that is derived from the financed portion of the property after you subtract the percentage of all the expenses. 5.

I knew what the market indicators were and used that information in my evaluation to derive a conservative pro forma.  6 years in, this RE has out performed the conservative pro forma. 

A Wyoming entity is still subject to income tax in the states in which it derives rental income.