Ralph E., I lived in Bozeman in 2008.

Wholesaling might take you out of the house too much needing to watch the kids.It's FREE to sign up just name and e-mail.http://hyprcastserver.com/?

-Internet: emails, e-surveys, e-renewals, e-newsletters, e-updates, e-cards/e-letters & website.

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I was able to locate this, which may imply an exemption under the FONCE statute:On June 25, 2009, Governor Bredesen signed into law legislation changing the types of income that can be classified as passive income for purposes of determining whether a limited liability company, limited partnership or registered limited liability partnership can qualify as a FONCE (“family-owned non-corporate entity”) and therefore be exempt from the Tennessee F&E tax.If you own or have a financial interest in a FONCE, such as a limited liability company, limited partnership or registered limited liability partnership, this change in the law may cause the Company to become subject to the F&E tax unless changes are made in the way the Company is organized.To qualify as a FONCE for the F&E tax exemption, your Company must receive substantially all of its income from passive sources.

Below is the transscript of an e-mail I sent to an executor on a deal i'm working on.

Since buying the houses, I've had a rash of bad luck...A) 2 - 20 yard dumpsters filled and emptied of old tenants trashB) Electrical fuse boxes and lines stolen from one home for the copper - $7500 to replace 5 breaker panels, meter units, shut off switches, etcC) Copper plumbing in second house stolen, replaced with PexD) Multiple frozen / busted water lines throughout the houses, was never "winterized"E) And though the houses have been vacant for over 2 years, Indianapolis dept of health has found someone to pick on, giving me multiple fines for unsafe housing (missing gutter downspouts, cracked porch near steps, and get this...the plywood that was used to board up the windows was not painted the same color as the house!)

They say if you have rental property and use schedule E then your real estate assets count as family assets and cannot be excluded.However if you use schedule C for your rental property you can exclude the assets as a small business.I started using Schedule E 20 years ago when I had rental properties and a "real" job (W-2).For over 10 years now I only make money as a small hands on landlord, purchasing, rehabbing and renting and sometimes selling houses on a small scale (12 units total) but still use schedule E, but list myself as a real esate professional according to IRS.I do my own taxes via software.Should i start using schedule C this year, and eliminate schedule E.

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And at the most fundamental level, it's so simple.