In fact, renting out individual rooms can actually lead to a greater gross income, but be sure to structure your lease right (joint and several liability, sub-leasing provisions, move-in and move-outs, release and replenishing of security deposits, etc.).  

If married filing jointly, you may use the full $25,000 allowance if your MAGI is $100k or less, meaning if you have a $25,000 rental loss in an activity which you actively participated in, you can use the entire loss to offset your ordinary income.

First @Steve B. the First LLC was created here in WY between 2 oil companies doing a joint venture. 

In most MD online auctions you  pay by an ACH debit to your bank account. 

Hammer out key terms together and with an attorney. 3) Anytime you have joint ownership in mind, an entity with a clear operating agreement is a good idea.

I dont have to get stuck in heavy trafffic everyday and instead i just jump on the ferry and cross over with little to no head aches and i get to enjoy everything thats offered.

It's basically a cloud-based loan amortization software that not only calculates the payments, but can even collect them automatically from your borrower via ACH and email notifications to all parties when needed. 

If activity of the LLC is reported on your jointly filed sched E then it is disregarded for federal purposes of sec 1031 irrespective of the state you reside in.  

My rents are all paid electronically through ACH or through eRentPayment.com.

Our tax bill this year was insane by my standards, especially since it was our first year filing jointly, and my taxable income was artificially low due to my military service.