I will do e exactly how you said,  will wait and study.

It fills out your Schedule E to send off to your CPA every year!

Specifically on the house hack - I'm not sure if the juice will be worth the squeeze from a tax and accounting perspective to run anything through an LLC.

(e) Minimum side yard: 10 feet distance from side yard to nearest building or structure.

If Caleb doesn’t respond you might want to check out this thread https://www.biggerpockets.com/forums/51/topics/816680-real-e... 

My guess is the juiced returns.

And if someone clicks to schedule a showing it has a form to capture there information that goes into a crm that then starts a "prospect tenant" followup campaign including response text instantly to interrupt there search knowing we got there request and check there e-mail where we send followup information, links, directions etc etc. 

If you are sole member LLC you just take a distribution from your business account to your personal account.You are likely already reporting the income on a schedule E.

Just $24,000 per year and could be drinking Rum and fruit juice for the rest of my life. 

section, a little further, in Sec. 21(e)(6)(B), it - again!