It means you need to file/pay state quarterly taxes (B&O Taxes) on that Income and report a Schedule C business now that you pay SE tax on vs. no SE tax if that income would have stayed on Sch E as rental income. 

@Ryan E.

Looking for a local agent/broker in E.

The tenant isn't borrowing money from you by paying on the 7th of the month, nor are you not enforcing your lease since you're issuing a pay or quit notice.I'm positing a different approach, one that comes with a letter, text, or e-mail, whatever your preference may be, to soften the blow of that notice.

@Matt Radhe what @Ryan E. said is pretty accurate in my experience.

@Joel SchanbacherThis appears to be a tricky question because this doesn't happen to often.I would do the following if I was working on it.I would report one activity on Schedule E for the property that you have listed.Report the income/expense items ONLY when the property was listed as a rental property.In regards to depreciation - I would list the asset during the year that it was a rental property and then I would "retire it".

I applied to PG&E and paid $1500 for engineering review in October of 2017.

Additionally, when I list a property and it does not sell right away I have a set of questions that I encourage the buyers agent to answer.

Services You Can Shop For =$950 TITLE – SETTLEMENT SERVICE $950 E.

The first step when you are ready meaning you have gained all the knowledge that you are going to get out of webinars,E-Books, seminars etc... is securing the capital you need in order to proceed with your real estate career.