I'm happy to provide them with my SSN for tax purposes to comply with the new IRS rules, but there seems to be a problem with Apartments.com's system.

Apart from that, just tell them you went with a more qualified applicant (unless you are in a jurisdiction that requires first come, first serve - ridiculous, by the way).Right on my application it says this:This application is for qualification purposes only.

You would only be able to claim 15% of your loss and write off the remaining loss in future years.Issues with BasisYour “basis” in a property is essentially your capital investment in a property for tax purposes.

Your primary purpose is to collect rent and you're already paid to do so through the management fee, but you want to charge extra just because it took a little extra work for 10% of your renters?  

For practical purposes, the hoa isn’t as concerned about the “length” of the lease as the fact that you simply can’t rent to another tenant, within 1 year.

In October, we did a trip to Idaho for the exclusive purposes for finding a LTR.

For federal purposes, the LLC(s) still have to file a return as you have been doing. 

My question is - what exactly is the purpose of the LLC?

Acting or conducting himself in any manner which is contrary to the best interests of the Employer.Notwithstanding the above, this Section XI(b) shall be subject to this sub-section, and shall not apply to the Employee’s:i. acquisition of rental properties (including for a business);ii. purchase of properties, with the sole purpose to rehabilitate them (including for a business);iii. undertaking the role of a real estate agent,so long as activities (i)-(iii) above do not (1) include marketing to off-market properties, and/or (2) the primary purpose of these activities is not to (a) acquire an interest in such properties, with the primary purpose of selling such interests (e.g., via assignment of rights) shortly thereafter for a profit, or (b) acquire title to such properties, with the primary purpose of selling such property shortly thereafter without a material change (e.g., rehabilitation) to its condition.The Employee recognizes that immediate and irreparable damage will result to the Employer if the Employee breaches any of the terms and conditions of this Section XI and, accordingly, the Employee hereby consents to the entry by any court of competent jurisdiction of an injunction against him to restrain any such breach, in addition to any other remedies or claims for money or damages which the Employer may seek.

However, you can also form an LLC and elect to treat it as an S-Corp for tax purposes, which is a pretty popular option.