People considering it anything near or resembling "inner city" (throw in a 40 minute drive down the E-way through about 3 colleges, 14 Best Buys, 4 Malls and 6 TGIF's) a ghetto property seems odd to me.

These are typically disregarded entities for tax purposes as the LLC does not file it's own tax return and activities are reported on your own Sched E.  

Rents in season are highSome HOA's wil restrict the usage as stated.

I'm going to go ahead and guess the property just based on the area it's in just because that's typically a class D or E area.

I guess I should be grateful mine just threw cigarette butts and the occasional beer bottle.

.)- how to communicate with us- how to operate the house: from GFCI to furnace filter, how to clean a glass cooktop - point out key issues like pet policy, new girlfriend moving in etcYou think anyone reads the lease when they e-sign it?

Joe, interested in some more info on your post.Thanks,E.

If you e-mail or PM me his full name; date of birth, and city, I'll see if I can find it for you.

@Andrew SchultzThe way that I do it is to use the categories that are on the IRS form Schedule E, which is for rentals.

Other income can be a significant factor.And LLC taxed as a _______.Disregarded entity: Reports on Form Schedule E attached to the personal 1040 pays no self employment tax.