“Z”; $2,736(no other box in Part III is used.)Supplemental information for the 1065 states:“CLASSIFICATION OF INCOME AS PASSIVE OR NON PASSIVE AS IT APPLIES TO THE IRC SEC. 1411 NET INVESTMENT INCOME TAX MUST BE DETERMINED FOR EACH INDIVIDUAL PARTNER.

As for the rentals, I am learning to look for:- are there similar properties available for rent- have any of their rent recently reduced- overall neighborhood classification- access to stores, major highways etc- schools already in session so may not be lucrative- cash flow and IRR ( I am still figuring out IRR)Kudos for trying to help out friends.

The areas however within that classification tend to have nicer areas and that is where the developers are doing projects.

This is the fundamental problem I have with Wall Street who takes too much fees off the hard-working efforts of the middle class. If

In this area the public schools are not great but many residents use private or charter schools, and many residents are young professionals, having fun with city living before having children.However, that said, the maintenance can be very costly unless you purchase a home that was already completely gutted/re-habbed.Am I using the property classification incorrectly?      

For anyone reading this who lives in Detroit and is just starting out, I highly recommend the class if you can get in.I look forward to connecting with others to help me figure out how and where to spend this cash and develop my portfolio!!

The default tax classification of a SMLLC is a disregarded entity. 

More later....Methodology: TAM built only on Residential Land Classification with Type and Use of Two, Three, or Four Family.

Check out the local rentals for your area, do they charge it for the price point and class?  If

So I'm wondering what strategies there are for determining the class of a neighborhood (i.e. labeling certain neighborhoods as A-class, B-class, C-class, warzone, etc..)?For starters, you'd want to consider the locati...