A schedule C would have made sense when the LLC held a laundry business, but now now.  

I have a laundry list of times they were over 21 days since rent was due And twice the company bounced checks of funds that should be held for me. 

Currently everything is held in our names either individually or jointly which is probably not the best idea due to liability and tax reasons.

That attitude held us together through thick and thin and thinner and even thinner to thick and thicker and even thicker.

I am following the guidance of the Legal team at the Wisconsin Realtors Association, they have written many articles regarding the 2017 law, as Realrors we are held to a higher standard, and there advice is backed by case law.

Purchase price: $ 5,637.14 Cash invested: $ 5,637.14 Sale price: $ 6,000.39This property is the 2nd of 3 tax liens I purchased at the Carroll County tax sale held in July 2018.

Purchase price: $5,637 Cash invested: $5,637 Sale price: $6,000 This property is the 2nd of 3 tax liens I purchased at the Carroll County tax sale held in July 2018.

You still have several options, depending on if you want to invest directly in individual properties or be a bit more removed:Full-service turnkey investment: Should be mostly passive after you do your due diligence and pick a provider, but don't skimp on your homeworkYou choose which props to purchase, but have no control over tenanting choices, some say in large maintenance expensesAvg cost for solid B/B+ prop in Birmingham (and some other markets but this is the one I have data for, since it's my market) is about $100k per door; you'll pay market price for a tenant-ready, fully rehabbed propertyPartnering with someone who does the on-the-ground stuff while you provide capitalCan be passive if your partner really knows their stuff, but more likely you'd be fairly involved with the choices madeMore control since you call the shots with your partnerYou can pick which markets and price points you're interested inPotential for higher returns (ie buying distressed and then forcing equity through renovation) if your partner is experienced and can execute consistentlyInvesting in a syndicateMany investors pool funds to invest in much bigger projects like commercial space or large MFRs, or in larger portfoliosVery passive, investors are not responsible for project vetting or management, but you have no controlMay have higher bar for entry, some syndicates require large investments and you'll need to have liquid cash on handBuying shares in a REITLike an ETF but comprised of real estate investmentsVery passive, but no control over which assets are held in the fundHighly liquid, easy to buy and trade, lower bar for entryEverything is a trade-off between passivity and control, time and money.

@Jessica RamseyFlips, property held for less than 2 years for the intention of holding out for sale, are taxed as ordinary income.

@Corinna GossnerGenerally rental property should not be held in a Corp. 1031 is not only available so SMLLC.