The big thing is you can't have your cake and eat it too.You truly do need to run the numbers to see which is more beneficial.If you want to deduct expenses on Schedule C, then you need to include the income on Schedule C.If you want to choose favorable treatment, I'd recommend that you deduct it on Schedule A.

But, the logic of why this could be considered ethical seems like a logical argument.

You must be ethical to have long term success.

If you have a thirst for knowledge, have a strong desire, good work ethic, and know that you will and should always be learning, you will make it.Oh, btw, I hold a masters degree.

Whether this is fair and ethical to the listing agent is a matter that the seller and agent need to discuss.

It also should have included any commission if there was no Buyer's Agreement providing commissions being paid by the buyer.The "Net Listing" is a violation in all states and an ethics violation under the National Board of Realtors.In RE in all states, the Statute of Frauds is applicable, this requires that all contracts dealing in real property be in writing to be enforceable, that applies to purchase contracts and agency contracts.

It is not clear what your lease paperwork says about such things but on the ethical side, I would venture to say that if they have not damaged the property give them their security deposit back in the normal course of terminating their lease.

To be certified they had to pass a battery of tests and have a code of ethics to follow.Paul

If your rental property is your main asset, it might not be worth the added expense that is imposed, particular in California.The main pro, of course, is that you are afforded certain legal protections and (potentially) favorable tax treatment with an LLC.

Listen, we all know you are sure that you are way smarter and have a much better work ethic than any realtor in FL.