If you refinance the property into your personal name instead of keeping it in your LLC, it shouldn't trigger a taxable event for the 1031 exchange itself, especially since your LLC is a single-member LLC and is treated as a disregarded entity for tax purposes.

To avoid opening a bank account and following all the rules that come with collecting and holding a security deposit I figured id just treat last months rent as security deposit.

Market the property, rent it quickly, enforce late fees, and most importantly, treat it like the business it is without getting personally invested.  

They may be pressure treated, but even pressure treated is susceptible to rot over time. 

This is how the newbies are treated. 

The income from the sale of securities is considered 'portfolio income' and is considered non-passive.Rental activity in general is considered passive unless you are able to treat it as active or if your income is below $150,000(Then you can use some losses).By default, the answer will be you can't unless your real estate is considered active or if your income is below the exception.

Did you use the lead and coaching service and did that organization treat you fairly? 

The SMLLC was treated as a disregarded entity for tax purposes (married filing jointly). 

Hi all I am new to Bigger Pockets, although I have been a landlord since 2013 I am starting to treat this as a business instead of a side hustle.

RobinHave the neighbors been treating the property this way for a long time?