Additionally, I thought and still do think that if I am performing my payment obligations and other requirements under a note and loan agreement that the bank will classify my loan as a “performing loan”, or a good loan.

I wouldn't necessarily classify that as a "deal".

@Marc Dufour - That would definitely classify as mortgage fraud and could land you in very hot water.

Commonly you'll see a townhouse which is actually classified as a condominium. 

I'd imagine timber companies, large corporations, governments, banks, etc. are just sitting on most of it, letting it appreciate and classifying it as farm land, so the property taxes are almost nil. 

@Reece O'Bryan,I would urge you to look at the bigger picture before forming and operating under an LLC.I believe it was Jay Hinrich that recently wrote a piece on LLC formation and utilization that I wish I had read before forming our LLC.Basically he said unless you have significant amounts of assets to protect your wasting a lot of time and money with LLC formation and maintenance.Also some banks will automatically classify you as a commercial borrower thus eliminating you from conventional lower cost loans available to individuals and maybe not the LLC entity.That's what happened in our case,keeping us from taking advantage of conventional lower cost loans.We had assets to protect but could have done it by borrowing against the property and an umbrella liability policy without the the hassle of the LLC.Bottom line is their are more effective ways to protect your interests other than a LLC and its consequences.Do more and better homework than I did and you may save yourself some money and headache.Good luck in whatever you decide

If you cannot demonstrate that you actively participate, the IRS will classify you as an "investor" (think investing in an LLC or private money loans).

There are a lot of great schools out there and not all of them are classified as Ivy League.

What classifies quality depends on amenities and design features for that asset class.   

This still likely classifies me as more of a speculator than a cash flow investor, even though I think of myself (incorrectly ?)