I need some advice. I was told by 2 lenders that my DTI is too high because my taxes show a loss on rental income. The rental income loss cannot be included as income for last year (2018).   I would like to buy a seco...

He said we’d have to do schedule k rather than schedule e.

@Nathan Becker one thing to consider specifically in TN is the F and E tax as it relates to LLCs.

I assume you filed a schedule E.

I can forsee selling real estate you don't own starting to get on the radar there is just too many people being talked into it and doing it.. and then posting on Craigslist.. and I have never seen a add for a contract.. every single e mail I get or add I see is just what an agent would do. picture of house sq ft bd ba etyc etc..

I've heard $50, 35, 40, etc for turnkey rule of thumb - shell, utilities, foundation, M&E, paving, etc, basically everything but land. 

@Roger Casanas send an e-mail to [email protected] and they will get the ban lifted.

The transfer should be a credit to the bank account, but the debit should be to Loan Payable for the principal amount and interest, and the rest to insurance and taxes.The LLC is a disregarded entity for IRS purposes and uses the owner's Social Security number to report on Schedule E, page one.

There is some work arounds one can use to speed things up but I find "the juice isn't worth the squeeze". 

I'd use a Schedule E for my tax return listing this condo property on its own page.I believe we (in Indiana) are a community property State.