Because it's out-of-state, the LLC would need to hire a property manager to take care of leasing, collecting rents, daily issues, etc.Because I am outsourcing the property management aspect, would this still be considered active income and therefore subject to self-employment taxes or is it possible to classify the income as passive and therefore not subject to those taxes?

I have a property I would classify as C-/D+ and there are days when I wish I hadn't bought it, but then I remember that one property pays my mortgage.

I wouldn't classify refinishing floors as "overdoing it"...or am I just missing something?

Somehow it was not classified as a "rental business", which they do not lend on.Good luck on your deal.  

Maybe set it up to allow unpaid members to search classifieds, but not post.

And then the appraiser mixes that all into a recipe to come up with a value (which magically equals the contract price in most cases but that's a different debate for a different day...).I don't work in real estate like you guys so maybe it's the fact that I work with highly educated people in technology (I'm not judging or assuming who you typically interact with - just classifying who I interact with to give a perspective).

Why wouldn't refusal of entry to the individual who pays the mortgage/taxes/insurance/repairs/maintenance be classified as plain old Just Cause, who is the true beneficial owner of the property?

Thanks again no SBA, ground up DSCR lenders. post in classifieds. send me your plans, do you have approved plans?

You will also want to ensure it isn't classified rural unless your long-term lender can verify they can work with it. 

I am trying to get better at classifying the areas.