Using an attorney and a CPA make you treat your rentals like a business.

1- I have must less interest right now than I did before due to the unknown about how landlord will be treated and how they are being regarding in the media due to the virus et al2- oops answered in # 1 but another reason is that the current prices aren't representative of what I believe the increased risk is at this point.3- I've got one property coming open at the beginning of the month and am moving it to S8 property for the guaranteed income.  4- I only have one other S8 property and it has been awesome for me so far. 

LLC's are for asset protection and if you don't treat it as a business and have a separate bank account and start co-...mingling funds you are piercing the corporate veil and well. there goes the LLC protection.I would advise you to seek a consultation with a lawyer.

Namely, treating this as working capital for your entire operation, assuming you already have other investment properties.

Now I have to break down this idea of running a real estate business.First, the IRS doesn't treat real estate investors like you and me as a business. 

He's fulfilled Actual Possession: he's physically present on the land, treating it as his own.

I wasn't going to respond since I'm a Steelers fan, but I give KC props because not only is Arrowhead a great stadium to see a game, KC fans are decent people and treated us well as Steelers fan.

@Spencer Fuller, much will depend on how your accountant treated those bedroom rentals while you lived there. 

You will automatically be treated as a partnership for federal tax purposes.

He's a devote man and will always treat you right.