REIT dividends are ordinary income and are therefore best suited to tax-exempt and tax-deferred accounts.Qualified dividends, growth stocks that don't pay dividends, and muni bonds are better suited to taxable accounts. 

Anything specific/out of the ordinary to have photos of beyond the usual?

First, on the partnership return,  GP is a deduction for partnership (your LLC) against its rental income to arrive at its ordinary business income. 

I see that such interest from an individual or LLC is treated as ordinary income, so if I can tax-loss harvest from equities to offset the gains, how to optimize?   

If you are planning to get into a business that generates ordinary income, you may want to look into setting up an S-Corp to help reduce the amount of self-employment taxes paid.

They are usually ordinary folks who will share information with you.My priorities would be Aspen and then Vail.

We're seeing 20-25% of the tax basis.2) STRs have a lot more net income, so the straight-line depreciation is not nearly enough to cover that (especially since STRs are on a 39 year schedule as opposed to LTRs which are on a 27.5 year)3) If you qualify for material participation by self managing, you can use the additional passive losses that cost seg creates to offset ordinary income as well.

In our case, since our business was flipping and construction, we had to report the income as ordinary income as opposed to capital gains. 

"Ordinary pest control is your responsibility.

Ordinary and Necessary Expenses: To be deductible, the expenses must be ordinary and necessary for the business.