@Nathan Becker one thing to consider specifically in TN is the F and E tax as it relates to LLCs.

I assume you filed a schedule E.

I've heard $50, 35, 40, etc for turnkey rule of thumb - shell, utilities, foundation, M&E, paving, etc, basically everything but land. 

I can forsee selling real estate you don't own starting to get on the radar there is just too many people being talked into it and doing it.. and then posting on Craigslist.. and I have never seen a add for a contract.. every single e mail I get or add I see is just what an agent would do. picture of house sq ft bd ba etyc etc..

@Roger Casanas send an e-mail to [email protected] and they will get the ban lifted.

The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.

I'd use a Schedule E for my tax return listing this condo property on its own page.I believe we (in Indiana) are a community property State. 

(e) Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.

This loss is designated as non-passive loss in Schedule E and hence deductible from ordinary income (W2, 1099B stock sale, etc).I see no state returns simply because of no income as well as the losses being non-passive and hence deductible from ordinary income.How is your CPA suggesting to track the passive losses without filing for state return?

Also, it would be great if I could get some suggestions on what website/tool to use to do background checks and e-sign lease agreements.