I realize you don't want to take this step and are naturally reticent to go talk to the police about something like this.

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.