If it doesn't have an HOA then you can treat it like an SFR.

It becomes a tax issue though when you do not separate these activities because they are treated differently regardless of how long you hold a property.

They are not just ‘marketing tools to drive sales leads’ without regard to whether they’re completely accurate, and to treat them that way is inviting problems down the road.

We don't often wholesale (we normally rehab and resell ourselves), but wholesaling off the MLS isn't too hard if you can find a decent deal, take better pictures than the listing agent, write better marketing copy and treat your buyers well.

I have two pieces of advice for you:1.Look/treat RE investing like a business.

BienesNot a lawyer, but in most cases, when you rent to multiple parties it is treated as if they are one, each responsible for the full amount of the rent each month.

Treat as crop insurance proceeds the crop disaster payments you receive from the federal government as the result of destruction or damage to crops, or the inability to plant crops, because of drought, flood, or any other natural disaster.You can request income tax withholding from crop disaster payments you receive from the federal government.

(April 15th, June 15th, September 15th and January 15th) These are the estimated payment due dates each year. http://www.irs.gov/pub/irs-pdf/f1040es.pdfIf your state has an income tax, you will have to find their estimated tax form and fill that in as well)Be prepared to pay 30% or more of your total income in taxes(Income and SE tax which is comprised of both halves of Social Security and Medicare)Second, since you are in business for yourself as a sole proprietor, you will file form Schedule C with your Form 1040. http://www.irs.gov/pub/irs-pdf/f1040sc.pdfYou will want to include your payments on your 1040 when you file your return.A single-member LLC would have no difference as it is treated as a sole proprietor for that purpose.If your LLC elects to be taxes as a corporation(preferably an S-Corp) You would be required to do the same thing; however, you will also be required to issue a W-2, and file employment tax returns.

People are always in and out, treating the place like an extended stay hotel.

Most prisoners are not animals and should not be treated as such. 4 prisoner high bunks in CA with nothing to do all day and no health care - that is a shameful situation.