It's similar to how you report it for tax purposes in years where you aren't selling it, you report 50% (or whatever % is allocable to each side) as rental property and depreciate that 50% while the other 50% is your own personal residence and therefore is not part of Schedule E.

Just whatever makes $en$e for you.

Quote from @Regina Blake: Hi, yes you are correct Ohio is the place you want to e to invest in real estate.

Our CPA told us if we transferred to NJ LLC with both of my parents as 50/50 owners, they can treat the LLC as a single member for federal tax purposes and continue to file on Schedule E because they file a joint return, but this seems to be inconsistent with what I've read.If we want to transfer to an LLC and continue reporting on Schedule E on their joint tax return, can I simply set up the LLC with one of my parents as the member and have each parent deed their interest to the LLC that will be owned by one parent?

So I should file it under the Schedule E.But my question is, how do I actually file it on the schedule E? 

I'm closing on another one on 128, E 146th, and 74th.

My first post on BP, I've been a lurker for a long time.I sold my e-commerce company last year and have been doing some real-estate investing, I've bought and fixed up several personal homes over the years and have always wanted to get into real-estate investing.I live in CA, and I bought my first investment property in Temple Texas at the beginning of the year. 

@Victoria E. - Companies like Call The Underwriter and Texas Pride Lending provide third party underwriting services

"(11) To refuse to rent to a tenant solely because of an adverse credit report or lack of credit history without reference to additional information provided pursuant to Section 38-105(e).

We tell them they will get updates via e-mail, we send a mass e-mail out when it is rented "thank you for your interest, we wanted to let you know that the unit is now rented."