The current regulatory regime really screws over the little guys.

I cleaned up my diet.

This actually might be illegal of your CPA to suggest since they can't do/suggest things for the primary purpose of manipulating the audit regime of the IRS as it violates our code of ethics.

Well, I can sure agree with you on your last point :-)Exodus is a big word for sure, but 1000 per week with no end in sight is not great news for a political regime.

Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is taxed under the effective regime.

So, you need to figure out how the two tax regimes line up before knowing the optimal set up or entity to use.3.

Look at this like a regime fee on a condo.  

This may be easy enough for most states and their relatively simple tax regimes, but states like California, New York, Texas, Pennsylvania, and a few others have some quirks to them.For example, California makes disregarded single-member LLCs file a tax return, pay an LLC tax four months into the tax year, and potentially pay an LLC fee six months into the tax year based on estimated gross receipts.  

Ramen and even cereal “diets” (how is that a thing?)

We have another one in a luxury beach community that does nominally well, but I really blame the regime/community fees more than the strategy.