We've been in the industry for a combined 8 yrs and love it!

So if all my tenants used this combined, it seems like it wouldn't be an option because the income would be higher than $2,500.

@Jack Ramsey Vegas is not unique about it.

I have two mentors with over 25 years experience combine.

Structuring this would like any other real estate venture you can use LLPs, LLCs, trusts, combinations of all of the above.  

A combination of 5000 unrelated things trying to sh*t on me today was definitely a reason for the outlandish post.

Often overlooked are the benefits of a w2 job and how the combination of w2, self employment income, and investment income can work wonders on wealth accumulation and financial freedom. 

With a 3rd party they manage so many things, my easy to deal with issues could get blown up.However, hiring my own people, I can train them myself as close to my image as possible. think about it like the wolf of wall street. he trains his salespeople to act like him and in essence they all do as well as he does. doing the math on it...if I can get 150 tenants making 250 profit off each/monthHave a full time handyman and office assistant at a combined 90k/year, I'd rather go the employee route

If so, do you record the HELOC interest in "other expenses" on schedule E or combine them on "mortgage interest" section?

I also have a W2 job so our combined W2 income and my passive income also make the AMT a factor.