Its interest income - unless you wanted to run it through a C corp but then you pay corp tax first.Other option is to use a deferred retirement account. 

C class and lower areas is only where S8 beneficial and that tenant base can be a headache.

Also, that outlet might be on a circuit shared by 2 other bedrooms and the outlet might not be near a window for use with an A/C unit.

There is almost no understanding CPM- several multimillion dollar coliving start-ups have FAILED b/c they saw the demand for coliving w/out seeing the need for a respective form of property management (see HubHaus, Common, Starling, etc). 

If you have a regarded tax entity, e.g. partnership, S Corp, C Corp, you need complete financials -- P&L and balance sheet to adequately prepare the tax returns and answer tax related questions. 

The property has to meet very minimal requirements to be allowed to be rezoned (section C). 

Quote from @David C.: Quote from @Javier Molina: 1.

C.

My main focus is Class B and maybe some C+ properties around NE Columbus, as well as outside 270 from the North to the east side.

Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....