In other words, in the eyes of the IRS, the LLC would be non-existent. 

Banks use the Net not the gross so it’s not what you make its what you show to the IRS.

;)Only thing to note for anyone who might be reading this later is that you might want a CPA/EA specifically since they're allowed to talk to the IRS on your behalf, whereas the others cannot.

I have an LLC do I need to file this form to the IRS? 

IRS is saying you cannot combine hours.This post does not create a CPA-Client relationship.

A deal killer doesn't mind hopping into the fray and telling everyone the truth.5.

You'll want to enlist a CPA on this to assist you- Repeating the above for Cancun, since it's a vacation destination already, I'd almost guarantee you that you cannot write it off 100%In regards to travel, it's also important to remember that even if everything is used 100% for business, the IRS classifies business expenses being valid if they're "ordinary and necessary".

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you!

I'd be glad to hop on a call and talk more if you'd like! 

IRS Approved" or "IRS Patented" @Yonah Weiss You are so right!