Quote from @Scott E.: Welcome Lena!

The other is pay your mortgage out of your business checking and at the end of the year when you file you can use your schedule E or list is on your 1120/LLC returns either way you get great deductions. 

The book title gave me the impression it was designed to attract attention and sell a book that could probably e explained in a pamphlet.

I know beachside is very popular (and also very pricy). 

Hi @Heather E Ingersoll!

To my understanding (having had some conversations with underwriters from several different companies)  there is nothing different between the coverage offered by Proper, Foremost, CBIZ, Allstate, Progressive, Travelers, American National, Liberty Mutual, Pure, or any of the other insurance carriers.... in fact the underwriters, E-suite, and actuaries from all of the companies hop between one another every few years.

BUT if one is an S-corp you do have IRS tax implicatioons.IFF both LLCs are pass through, then answers to your qs are; nonthing happens since both LLCs pass through to your 1040's sched E as if nothing happened. 

Hi All, looking for some advice here.If I have a property that I lived in as my primary residence for part of the year (let's say 180 days) and was never previously a rental, and then I convert it into a rental property half way through the year, do I have 180 days of "Personal Use Days" on Schedule E or 0 days of "Personal Use Days".

While SD might experience massive appreciation, your wallet won't see it.Now, compare that to another growth market like the Raleigh metro ... that same original $500k can be split into 2 townhouses that will kick off $400-500/mo in positive cash flow ... use a portion of the $90k that you were going to sink into the negative SD condo and pick up a third unit. 

My banker works with an e-mail when I request money and he puts the money in my checking account (released so I can spend it that day) and the LOC becomes active.