Having rental properties be reported on the Schedule C has a multitude of requirements to prove the active involvement and treatment of the property as a business, similar to how hotels operate.The other information is true as the owner will be able to claim the rents claimed from the LLC as well as the expenses incurred such as mortgage interest, taxes, insurance, repairs, depreciation etc. on the Schedule E.

Beth, I am like you- have done a multitude of things and never been licensed.

Propelio has a YouTube channel with tons of training videos on this and a multitude of other subjects. 

For a multitude of reasons. 

Hopefully all these comments will help anyone contemplating private lending by showcasing a multitude of perspectives and choices made, and any resulting consequences as well.

1) All we do now are BRRR's in Toronto for a multitude of reasons (reno lift, better tenant profiles, infrastructure spending, etc.).

For a multitude of reasons, I do SFR not small MF.  

We have the ability to identify and vet a multitude of loans, including those that may help you out in this situation (commercial, construction, asset secured and un-secured, small business, margin, etc).

I'm sure BP has a multitude of books and podcasts about it.

This will help you avoid the multitudes of scammers out there trying to sell you junk!