You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.

If long-term rentals don’t cash flow, short-term or mid-term rentals (Airbnb, traveling nurses, corporate stays) might work better.

We are the victims of corporate identity theft and are currently trying to get the fake website taken down. 

Quote from @Sophanara Khoeun: Quote from @Krystyna Schexnayder: For me personally, as a property manager and business owner, I truly believe this is not only about real estate, its a business of building relationships, and I think just being aligned with the basic principle that what we put out is what we get back, so I would be remissed not to oblige a new investors inquires. 

If they did, the previous manager is obligated to transfer those funds.

So I get that "lag" almost every time, plus I deal with our corporate bank... so they always have that lag. 

You can get the "owners of multiple properties" list in DealMachine, and also DealMachine has pierced the corporate veil!

These corporations may be large but nowhere near that.

Your tenants obligation was to pay you on Jan 1, so it doesn't matter if they paid someone else they still owe you...obviously details re: notice and dates all come into play here and from a practical perspective I'd work with the tenant and not move to evict over this.

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.