Rather than setup LLCs for each property and deal with the added expenses and book keeping,  we just file them on schedule E and I have a butt load of liability coverage.If I keep them,  I might want to restructure as part of the refinancing to reduce my exposure and maybe even set them up so the kids could take over without having to be actively involved. 

Then, on your taxes, make sure that Schedule E is filled out for the room/unit that you rented.

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.

Hello, My husband and I have had a busy year diving into buying our first investment property and starting an e-commerce business.

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?