Over the years we use 401k to shelter taxable income from our merit and promotion increase.

The home is paid for.Since I will be available everyday literally next door for maintenance, guest assistance etc (I am retired) what are my options tax wise...I believe I can treat the home as a business or as a vacation home for tax purposes.

.  :-)@Nicholas DeLouisa Jr Just to make sure I was clear, the marketing I was referring to was for the purpose of finding off-market properties to purchase in support of your strategy. 

How mortgage interest is treated depends upon how the LLC is treated for tax purposes.  

I create individual LLCs for each of the properties for asset protection purposes, but please refer to an asset protection lawyer to understand the full process on doing this.

Its a great event because it literally is Bigger Pockets live, no upsale, no "must have" promotions, just networking and knowledge.  

The cutoff between calling a 5 unit+ building "commercial" as to distinguish it from a 1-4 unit is an arbitrary distinction and has no place in evaluating the investment for your own purposes.

I am very bearish on Title III from a promoter's standpoint, but Title IV should be a much better regime to operate in.  

The purpose of my question is to find out how Jerry weeds out houses which likely are a waste of time.

Maybe I'm too new at this, but I still like going to CE courses at different venues and with different instructors ON PURPOSE.