LLCs can be treated as disregarded entities if you elect to do so, but it sounds like you are going to be member too (managing member), so the LLC will be a multi member LLC.

@Amby Bhagtani an easy way is to just look for which states voted red last election.

See, it's a pain.....and Charles, I'm thinking that you can go from a standard depreciation and then to segregation, but after that is elected, I don't think you can go back...or can you?

This year’s election will be very interesting with all these crazy housing laws going on for both STR and LTR! 

If you elect to proceed with a claim, I disagree with others suggestion of filing a complaint with the state licensing agency.

If we can get three credits, that will be about $6.6 million in sales.As for economic values, I read the $100,000 credit price in a communication about a year ago by the president of the non-profit Snohomish County Grower's Alliance on the private SCGA ListServe.

As in the case of investing in SFRs, if you are not real estate professional (a tax election when filing your return, not license-based), being equity limited partners you won't be able to offset passive losses against your earned income. 

Look man, Chicago has always been the corrupt center or Illinois but great people came out of it became Presidents of the United States and ran our country have not brought her down to her knees.

And if its so great ...why did the President and Congress exempt themselves from it?

This was because John was a real estate broker.John showed me some sort of award placque that president Bush had given him for making some significant number of people millionaires through real estate.