@Sebastian E. 

While there are improvements going on to the E of MLK, how long will it take this area to show gains in appreciation? 

I'm thinking as a rental, everything applicable to just that one rental goes on the Schedule E, and everything that has to do with the Contracting / Flip Business LLC goes on it's K1 partnership, or in the accounting that underlies that. 

The lease includes an itemized list of utilities including Water/Sewage, PG&E and Wifi.

An 8-plex at 1017 E MCKINLEY ST, Phoenix, AZ 85006.So ultimately, you've got a case of seller/listing agent pulling an asking price out of their rear end and completely ignoring reality.You get this for $300k (what it's worth -- or less) and your PITI drops to $1,555 and suddenly this deal makes a whole lot more sense. 

I live in Buffalo right now, and I feel like anytime I drive through E-Ville it is just flat out packed with people (Fall Fest, Jazz Festival, Ski season, etc.).

I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Schedule E for the property for loan purposes.

Here is another thing I just learned about, a Deferred Sales Trust. https://www.stitcher.com/podcast/kevin-bupp/real-e...Good luck and keep us posted on what you do! 

Originally posted by @Randy E.

I have been filing each LLC partnership return (1065) and the rental income would go on our personal returns. 1) Should I put all houses under single-member sole proprietor so that I don't have to file a partnership return (1065) for each home and the rental income just reported on the Schedule E of my 1040?