Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

They e-mail me their background check from the hospital, or I have them complete one through tenantbackgroundcheck.com. 

I've read a lot of bad information on how some gurus are promoting techniques that are flawed at best, fraud at worst.

Good to e-mail on the address on your profile? 

You just keep twisting things John so clearly your here to promote an agenda and not for intelligent discourse.  

If the LLC you own shows a loss (beyond depreciation), and you are an owner of that LLC, this would carry into your personal tax returns on Schedule E, page 2 from your K1.

You can't deduct travel expenses before identifying property because you report every rental activity you already own on Schedule E.

@Angelo CortezYou can still deduct, however STRs are reported on Schedule E, not Schedule C.The IRS expects you to file 1099s even without SSNs - which I personally always found to be puzzling.

Aside from this forum and the events promoted here, where else would you recommend looking to find connections or events with experienced flippers in Chicago? 

https://www.chicago.gov/city/e...