Lastly - merely getting under $150k doesn't let you deduct all losses.

and that this is merely a suggestion, as you will and can do what ever you want! 

I can quitclaim the White House to you and this wouldn't be fraud, since I'm merely transferring to you any interest that I "may or may not" have in the White House.

Obviously if you're a non-REPS, consult your accountant  Lol, maybe should have lead with that... us mere mortals can't take take RE loses against our income so they pile up until we sell when deprecation recapture comes a knocking.Also should probably mention mention you need to pay for a cost seg study, which are a few grand. 

You or the LLC are merely a beneficiary of the Trust, which entitles you to the income from the property.

After three weeks of asking for docs I finally received the last three years of 8825's, but none of them match what the listing agent is telling me (red flag!).

While this might be true if you're located in Delaware or Illinois, substantial uncertainty exists as to whether the subsidiary LLCs within a series LLC are truly separate judicial entities, or merely financial instruments.

Would tenants be able to track you down merely by searching your name? 

You dont need private money on a primary residence transaction you can receive those funds as a gift by merely signing and dating a gift letter and have your relatives write you a check from their account.As for the home possible program, its a great program.

@Mat Farmer Yes it is not geared toward all properties but the language you're dissecting is merely a formality.