You will pick up all of the income and expenses from Open Door Capital on your 1065 and then issue K-1s to yourself and wife for your proportionate shares of your LLC.

Jarrod, Thanks for sharing your investment journey.

@Jacob Rocha, I’m happy to share with you. 

. :) I'd start going to those gatherings, chatting with people, asking if you can tag along when they're walking a property, and have them share their thought processes as they walk.

@Marshaé Smith Would you mind sharing how you collect interest on the balance owned at their fault?

Happy to link and share knowledge.

I have gotten mixed reviews and I am not sure the Airbnb rep understood my questioning (language barriers). 

Louis, feel free to PM and I will happily share there contact information :)

Thank you for sharing with me!

He wasn't allowed to recharacterize the passive loss incurred by the partnerships that was attributable to his share of the management fee into an active loss that could offset his active income.