You can earn interest on that account as long as you make the tenant aware of that fact and they agree to it specifically in the lease. 

Is it a good idea to sign up for more credit cards and possibly earn about $200 in rewards?

I would hope the extra two weeks of holding costs wouldn’t kill your margins.

@Alfred LittonLLC's are considered pass-through entities so the income/losses earned by the LLC are allocated among the members of the LLC.Ex - LLC earns $50,000 of income where the LLC is owned by 2 members owning 50% in the profit and loss of the LLC.The members would then report $25,000 on each of their individual return.The members report the income regardless of whether the LLC distributes money or not.A couple of things you may want to look into.1) Are you required to file a partnership return?

Hypothetical numbers... if we had $50,000 of "extra" depreciation after accounting for all profits in our real estate, could we then use that $50,000 against $150,000 of income from our insurance business?   

I had an 11 unit and 2 unit that I ended up earning 35%~ year over year between purchase and sale (2010-2017).

I am considering turning an extra space into a short term rental and am considering a Saniflo macerating toilet. 

@Ephrem BekereDon't know the whole picture...However, you have to remember that the net income you earned from renting the room doesn't have income tax withheld during the year.

Not a tax advisor, but generally pretty simple.Once you take a member draw into your personal name (post-tax), you can do whatever you want with it.If you're buying RE in an LLC, I'd be sure to keep them in a separate LLC from your primary income earning activity that produced the cash.  

They just want an extra $450 to do the loan is what it is.