@Scott Trench there is no single correct answer here because the best course of action depends on the totality of the circumstances.  

Think 50% less pay or more in most circumstances.

Under the right circumstances, it can work well in 2026. 

It isn't always 100% tax efficient to do this, depending on circumstance)

Account Closed hi Zach do you know under what circumstances you can use losses to offset your W-2 income?

Germain Act) prohibits ENFORCEMENT of due on sale under 3 circumstances.  1.

However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.

The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

There are better and more recent cases, particularly on the 1402 side.I think we can all agree that an LLC member is not automatically the functional equivalent of an LP based on any one facet of fact and circumstance. 

I have some experience in wholesale transactions, but given my licensing and current circumstances, I'm leaning towards listing distressed owners' homes instead.