However if your main income comes from real estate, essentially making you a real estate professional, then you would file Schedule C and your rental holdings are no longer considered a "passive" or "side job", but your primary income, and subject to self-employment tax.If you are unaware, self-employment tax is the portion of employment tax an employer pays on your behalf, up and above what they pay you in wages.

This is essential to understand when marketing and structuring structuring offers. 

I want to suggest you connect with @Matt Faircloth, who incorporates some green (uncertified) building elements into his rehabs.  

You're essentially giving someone complete access to a valuable asset on a monthly payment plan.

Could I get myself into trouble if the  market decides to take a turn for the worst would I be essentially left without a paddle?

There are essentially two pieces, one the BK flag the other is the thing causing the flag to trigger.  

In my initial response, I focussed solely on the regaining access element and not the procedural requirements.Scott: On a commercial/storage rental here, we do not have a 90-day wait period.  

The bidding system used have glitch that would allow some bids to be considered essentially early with the bids between 12-1, but it was fixed a long time ago.

Do not start up an electric water heater until it is filled or you will burn up the elements.

Also in the case of a lawsuit, a one person LLC might be considered to essentially just be you and then you could be personally on the hook for a ruling against the LLC.