You will then report the information from the K-1 on your individual tax return.When you dispose of the partnership investment-the gain will be long-term if held for more than 1 year.If you have a loan agreement - you are lending money in exchange for interest.

@Brandon Bolinger  Another way to look at this would be to set the building up to be sold as individual units down the road. 

I typically deduct property insurance, property management fees etc off my individual personal income.

It is currently rented out, but given there are no pictures and we can't enter that these are problem tenants.We're worried that we might be getting in over our head since we don't know the condition of the inside.

I have long listen to the bigger pockets podcast and have since decided it's my time do make the big jump to start here on the forum and interact with like minded individuals who are passionate in REI!

I am looking for the following individual contractors who are licensed and insured in MD (Preferably also in DC & VA) for REHAB to upcoming SFH projects.1.

I want to make sure the GP is fairly compensated but not pulling too much cash out of the deal as compared with other deals you guys and gals have seen.The GP has already entered into contract to purchase.

Both of us together we have spent over 40+ hours reclassifying and entering missed transactions and are still not done.

We want to refinance under our LLC's name but numerous lenders have told us that they'll only refinance under an individual's name.  

We are located in Jacksonville Florida and entering the peak of hurricane season.Thanks!