If guests disregard the check out time, especially after asking and being told "no," I will charge 1 night's stay against their damage deposit IF their tardiness actually resulted in a disruption to my cleaners' schedule such that I need to compensate them extra, or I have to delay check in for the next guest; otherwise I'll just ding them on the review for how well they follow the house rules.

Nothing to say it's impossible, but on average you'd do just as good (with index funds, etc) if you are in it for the long game-obviously if you are in it purely for the cash flow and immediacy of funds coming into bank account consistently- with a tax shield in place, then disregard.

I wouldn't recommend spending money on a bootcamp however.I would also caution not just to disregard broker projections but most things that are put out, and I say this from personal experience as I am a broker.

A single member LLC is treated as transparent or disregarded under Federal income tax law.

This goes to show the level of blatant disregard he has for me.3.

This is becuase for tax, SMLLC has disregarded entity. 

Proc. 2002-69 and 2002 C.B. 831, a husband and wife who are the sole owners of an LLC and reside in a community property state can choose whether they are treated as a partnership or disregarded entity.You have to understand that tax and legal matters are different. 1) for tax, you will be reporting on your personal return, Schedule E.2) for legal purpose, LLC is a separate entity, and it has to be treated separately from your personal finance.

@William Goodlett  I'm not a CPA (so consult yours), but if you have a single-member LLC, the LLC will be considered disregarded anyways and everything will fall on your personal Schedule C (for the business), or Schedule E (for the real estate). 

Usually disregarded entities (if single owner) or partnerships (if multiple owner) make the most sense from a tax perspective.I see no reason to transfer rental real estate to an S Corp before sale if you're contemplating selling it. 

@Jason Dalka you've been given bad advice on the assisted living business - please disregard all of it.