Tax sheltering of income comes with some trade-offs with respect to your level of involvement and the nature of certain activities.When we are thinking along the lines of "I can do X in real estate" and comparing how that works in an IRA, it can sometimes be disappointing.When you take the approach of "my IRA invested in a property, note. etc. that is passive and arm's length is SO MUCH BETTER than when the IRA was caged into the stock market", that can put a smile on your face.

The only thing is, it's probably most common for room rentals to be furnished because by nature they're usually pretty short-term, so the people who do room rentals usually prefer furnished places so they can move in/out quickly and on to the next.

The dialogue can be different to your natural flow.

Naturally I assumed a qualified roofer knows to use the appropriate materials to hold the roof down, I'm not the expert he is.

Since we launched, I'd say 75% of the reviews or private feedback we've gotten from guests on Airbnb have mentioned the wifi being very slow, although we make it as clear as possible in the listing, check-in instructions, and house binders that the wifi is only useful for checking email and light browsing and we encourage guests to unplug and enjoy their time in nature. 

Considering a 1/1 SFH in a great neighborhood but “oddball” nature of property is a risk.

did something like this before, you are onto something. you have the right idea of starting with an elementary school in that you have a pretty decent baseline with which to work of and already naturally delineated space with the classrooms I am guessing.

They ask me for my BASIC nature/purpose of business, followed by DETAILED nature/purpose of business, and then followed by an even MORE DETAILED nature/purpose of business, all of which have a code associated....

In prop 21, only natural owners may be exempt and thus an LLC, being a legal owner and not natural, will be subject to the restrictions.

Also, once you start getting to larger properties, you are naturally going to have to expand your geographic area when hunting as local listings can be relatively limited.