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.

Important to note that you don't have to go under contract or even make an offer in that time; you just need to formally list a few properties that you would consider buying in your 1031. 

Quote from @Melvin List: A broker with have a 10% down program for second homes! 

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.

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.