I got this e-mail too.

I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.

(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

@John BuschHi Christopher,A few great local options to consider are Mike Keith with A&E Construction (352-270-0399), Citrus County Handyman (352-440-3305), and Dynamic Craftmasters (352-422-5119). 

The dealflow from brokers is always there, but the juice vs squeeze conundrum is in full force because if you dont manage this closely, you will start soaking up tons of bandwidth and payroll with underwriting several deals for only 1 in 5-10 to actually close.

If E has any priority over B, for instance, I would not invest in this structure, given that my bank account puts me at a Class B share (side note, their Class B is a little more GP friendly on the surface, than other groups, but devil is in the detail).  

At some point, the juice isn't worth the squeeze for us and we just want to enjoy life. 

I know that the general guidance is that emergency funds aren't to be invested, but given our financial security and the fact that we already have a personal e-fund in a safe, non-volatile location, would it still be crazy/unwise to invest this 15k in an S&P500 index fund in a brokerage?