Aloha nui e @Loren Cota,Are you still in the process of looking for a house on the Big Island?

It is completely free for the landlord and tenants and the site makes money through premium features like background checks, speedier processing of rent payments, etc.I can post rentals, accept applications, do background checks, create leases and send them out for e-signature all for free.

The reason the 1% ownership is being suggested, is that this would change the tax treatment from being reported on schedule E as a disregarded entity, to being reported on Form 1065 as rental income reported from form 8825, and then this would passthrough to the individual taxpayer on form k-1. 

Loan balance is 280k, value is over 500k, cash flows about $1300…went to apply for a business line of credit thru my operating LLC and was denied due to losses in last years schedule E…the idea was that I use the LOC to help pay for a down payment.

I just picked up two more, One in S Collinwood, (Nathanial ) all in 75k, rented 1700, All in 70k E 109 rented for 1500.

We're doing 30 and even 40 year fixed using 80% of AIR DNA to calc DSCR. e  Alex, the quote on 30Y Fixed was 7.225% +2 origination pts, with 75% LTV, 5%-1% 5Y stepdown prepayment penalty.

After you are up to speed, please reach out to me directly by e-mail or phone.  

Hi @Jeff E. - sorry to hear about this.

They (HOA manager, HOA president, and HOA attorney) inform me that there's a super lien on the property and that I have to pay it.Of course I pulled an O&E before purchase and there was only the mortgage lien (foreclosing lien) on the property. 

Can the schedule E report from Stessa be used for tax filing?