Thank you in advance, I am looking forward to your helpful replies.

The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.

Thanks in advance, Travis

Call the police and report the theft.If you are able to take the tenant to court (small claims if under the limit in the jurisdiction) and obtain a judgement, then you can seek a garnishment of wages.

Do they report to bureau.  

Thank you in advance!!!

Thanks in advance

Thank you in advance!

The prices those are the turn key can't really sell them so push off the junker properties and frame them as winners.Anyone thinking of buying these types of properties go visit the areas and also get the crime reports.

Normally, both income and expenses are reported on Schedule C of the 1040.