Currently this income would be added to any other income I have and I would be taxed at the rate that it puts me in (say 35%).

Either way, your initial contribution would be added to your basis in the membership interest, which is not currently deductible (read as: no you cannot "cancel out" the income from the distribution).

An LLC can be added to the structure to give you checkbook control which might be important for this strategy, as Brian mentioned.

If you add cooling you will likely need electrical service upgrading because you will be adding at least a 90 Amp load for outdoor units alone to a 200 amp breaker (maybe) panel.

Need a decent sized building to store cars and hopefully something that could be added on too if I needed to expand in the future.2.

They seem to be adding features as they grow.

We TOLD THEM we would be adding a 2nd story, and to accommodate for that in their work. $3800 in materials and labor later, with several return trips, it still wasn't going to work.

This question may be specific to places like Portland where the city encourages density by allowing accessory dwelling units (ADUs) to be added to properties in residential zones.If I purchase a 4-plex (zoned residential R2 in Portland) and rehab it to include an ADU, can I still finance with a residential mortgage?

The court will usually allow Attorney's fees to be added but since you indicated you hired an eviction service my guess is they are not an AttorneyNo you cannot interfere with the tenant's right to appeal

If the part you are renting is a separate building (ie. garage apartment) there are endorsements that can be added to cover that situation.