For my non real estate investments I have some IRA money in oil royalty trusts and in natural gas pipeline companies.

As a Rental it would be on Schedule E rents and royalties.

They say they are royalty from an African country (dont want to name it) and are P'd off that I would want to run back ground checks.

(Do I have to pay a royalty now?).

Also in China the laws of copyright do not seem to apply in reality from what I have heard... artists have difficulty collecting royalties.

An IRA or 401(k) is best suited for passive income, which includes interest, dividends, royalties, rent from real property and the future sale of such a passively held asset.The other side of the equation is ensuring that as you conduct such a transaction, you are not personally benefiting in any way (such as a commission on the transaction) or adding value to the IRA/401(k) through the provision of goods or services. 

When these two cycles are running contra to each other it can be possible to exit real estate at a high and enter Oil working or royalty interests  on the upswing and ride that till the next real estate correction.  

Commission, bonuses, the LLC AirBnB property management business you have, your real estate agent work on Schedule C, royalties from your books, etc - for that slice of your income, it'll be based on tax returns.

I also would recommend Jon Hyndiuk (Hyndiuk Law, he also owns ISR Title), Michael Plumb/Rob Sayas (Sayas, Schmuki & Plum SC)--I think Rob owns or is a partner in Royalty Title, Rob Saya's brother Jonathon Sayas is also an attorney and is Stewart Title's on staff attorney, and James Eby who is also a popular RE lawyer and he's been involved in some probate deals we've done.

This will be a major factor in deciding which flag to go with.Marriott and Hilton are the darlings of institutional capital and are easier to finance but they are expensive in terms of franchise fees, royalties etc.