A single member LLC may elect to be treated as a disregarded entity on the member's federal income tax return and report income and deductions on Schedule E of the 1040 rather than filing a return separately for the company.

Quote from @Scott E.: Just for fun I clicked on the sales page because I've never heard of this guru.

I hate that the legal system gives enables these buyer to get money but I do understand its a bottom line business and whatever is cheaper wins...this is a good point and why buyers and sellers should use licensed real estate brokers who have E and O..

First year and beyond is typical on a schedule E, same as a LTR unless your providing substantial services.

Because of how my Schedule E is with all of the write offs, it throws off what I can qualify for.One thought I had was start purchasing under an LLC and have the LLC take out the loan.

RR Finance & Real Estate201 E 4th StCincinnati, OH 45202

what do I do with the agent I have e now?

But since I am wanting to provide substantial services, laundry, meals, cleaning, it looks like I do not even have the option of reporting on Schedule E. 

The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses stay with schedule E until they get offset by future profits from property.Did I get this correct?

pf_rd_p=ae76b2bb-e63d-4a67-b357-dab3dee05ca1&pf_rd_r=SYQWK9EMNEBSZGYTZ6SK&ref=a_lib_c4_libItem_B0195LQYF4Looks like it was released around the same time as the e-book and there are no updates/addendums/correction releases to my knowledge.Language: EnglishPublisher: BiggerPockets Publishing LLCPublisher Date: December 1, 2015ISBN: 978-0-9907117-9-7https://www.biggerpockets.com/store/rental-property-investing-ebook