If it's a single member LLC, it's what called a disregarded entity and it just goes onto to Schedule E.

I’m new here and to the R/E game.

@Dave E. 

I can’t imagine e somebody paying $645k for a vacant property when you have three occupied comps down the road that have traded for $650k.

We self manage and still file our VR income using a Schedule E just like a LTR.

@Michael Macaluso if you were in the same line prior as W2; and you can document 12 months of S/E in 2020 on your latest tax return (2020), and the income is inline or greater than what your earned before as W2 then you have a chance to be eligible for conventional financing.

It goes on the schedule E as two separate assets.

Does anyone know the math of much losses are allowed for Schedule E if your AGI is between 100 and 150k? 

All mine have on them are my name, e-mail address, and "Real estate investor."  

@Chris E.