If the building owner LLC (lower tax bracket) is receiving "income" from a tenant LLC (higher tax bracket) who claims it as an "expense", then he is using this false relationship to artificially transfer the rent amount from a higher bracket taxable income to a lower bracket taxable income.I'm no accountant, but I also thought LLC's had pass-through taxation so I could be completely wrong.I don't know if he is presenting significantly misleading information though. 

I think that the grade 1 security claim by kwikset and the fact that they advertize them as bump-resistant resolves my concerns that I am providing good locks for their security.I am not a lock expert but it seems like this type of lock can take away a lot of business from locksmiths (nothing against locksmiths!)

A customer since  they pay you rent?

Even though this is the case I know that the first year of owning a property includes most of the initial expenses that can be used to claim a loss in order to offset revenue taxes.

There is essentially no difference in the two plans you laid out.Plan A:  Each of you files two Schedule Cs for half of everything orPlan B: One of you claims all of the income and expenses and then "hires" the other as a subcontractor.  

Keep in mind no claim has been file and she was still denied ins contact. 

After finding out that we could not claim any of the losses because of income limitations, our next step became very clear.  

I have no connection to Premier other than as a customer, and it was probably 8 years ago. 

In retrospect, I would have preferred to not claim these expenses against my income and simply pay the higher tax bill, than to get a tax deduction and reduce my mortgage qualification amount by a decent amount.  

Overall square foot, 1 or 2 story, brick, siding, stucco, peer and beam or slab foundation, level of interior upgrades (i.e. contractor grade, custom, etc.)