Depending on your income You get to take depreciation off your regular income (usually up to $25k) of 3.6% per year of the building’s value.Many of your everyday expense can be deducted from your income as business expenses. 

For example, turnkey is great for people who are busy working 9-5 and want to simply invest their money somewhere instead of it sitting in the bank.

I didn't shop around too much but their business was solely transaction lending so I figure they use the "industry standard" rules.

Contracting is a business , the salesman is there to sell a roof to the customer for the most he can get .

We do not have WY LLCs, and we'd have to file a foreign business filing if we did. 

The opportunities are endless and an investor can do a 1031 exchange in any city and any state in the US as long as its held for business or investment purposes.

Hello, my wife and I have been wanting to get more into the rental business for a while now.  

If you were to open another bank account specifically for the rental property, it would be in your personal name unless you open an LLC and form a business account.

Business and investing is very different.The interest is part of your expenses.