This may be the time to sell since things are hopping.

The IRS, for example, figures a rental property completely depreciated of value after 27.5 years.

Still lots of properties around here and a very hopping market for rentals and people looking to buy (Tampa is a multiple university city so lots of rental potential, the AFB brings in lots of families looking to rent or buy.

Yep, more than 1 member in any LLC is considered a partnership by the IRS.  

The IRS knows your formation date, and if you don;t file, there's a good chance you'll get a friendly letter from the IRS saying "Sorry but we don;t seem to have  a tax return on file", so we file a zero return @ year end to avoid unwanted IRS attention.

Hello,Anyone have any experience with the IRS re: a fix and flip into seller financed note carrying business model? 

I'd be happy to hop on the phone, or grab a beer!

I alternate every other year having no write offs and lots of income but owing the IRS $10,000 to lots of write offs and getting a slight refund to help with the last years bill.

If you own them in your personal name: Schedule E, Line 12: https://www.irs.gov/pub/irs-pdf/f1040se.pdf

@David WinstonThe IRA can use the BRRR strategy.The IRA purchases the property, funds the rehab and puts a renter in place.The IRA is then refinancing, and must obtain a non-recourse loan per IRS rules.