Business checking account that tenants can make direct payments to, which gets transferred out later to3.

Call the Chicago Zoning board of appeals and ask them directly why it is rejected and what can you do to make it accepted as a 3 unit.https://www.chicago.gov/city/e...If they tell you that there is a specific requirement you need satisfy then do it. if they tell you there is nothing you can do unless you request a re-zoning then consider whether you want to spend the money and time going through the rezoning process or accept it as is or reject the deal. 

4) When will distributions be made5) Tax filing status of entity.If you already closed on the property, be mindful that you will likely have to pay closing costs again to transfer the property into an entity.best of luck

if you will own the land take purchase contract that you get from a local realtor, if home is on a rented lot just go pay a lawyer to draw up paperwork @Ralph E.

Sounds broken to me.I thought about transferring this property to an LLC, but I read that there becomes problems when transferring an owner occupant property to an LLC.Any insight or advice would be appreciated!

My husband and I recently opened an LLC, only to find out that we are unable to transfer our properties (both with mortgages) to the LLC.

Are the sellers supposed to transfer them to me?

You setup a landlord account and they automatically transfer billing to your name.

I found the schedule E deductions for Federal, what should I search for in looking for california deductions (what is California's version of the schedule E form)?

Most 401k plans with current employers are set up to prevent assets from being transferred out until the employee leaves that job.