That way we receive the bills and can look to see if they're paying, and when they're not...

@Adil OghlanI would probably wait until you receive the funds to move out.  

Also, I received like 4 colleague requests and another 5 follows because of this haha"All publicity is good publicity" I guess  lol

If the building owner LLC (lower tax bracket) is receiving "income" from a tenant LLC (higher tax bracket) who claims it as an "expense", then he is using this false relationship to artificially transfer the rent amount from a higher bracket taxable income to a lower bracket taxable income.I'm no accountant, but I also thought LLC's had pass-through taxation so I could be completely wrong.I don't know if he is presenting significantly misleading information though. 

You should then have a written agreement and if you receive a qualified offer that meets the terms of the agreement the seller would be obligated to pay your commission. 

Many investors offer this option in order to receive a larger than usual down payment/deposit and more than they would typically get for rent in the area. 

You'll be more relaxed and your body language and attitude will be congruent with what you are in the inside.

SO, what matters more than what expenses you claim on your taxes is the amount of rent you receive on the property and the amount of your payments on the loan. 

They are basically cats in dog bodies.

While the first spouse receives the deduction, the second spouse then claims that income on -  Schedule C - and pays self employment tax.It's the exact same result, but you've at least transferred some Social Security/Medicare over to the second spouse for retirement purposes down the road, so that's good.If you're looking to figure this out for being a landlord, then you just put everything on one Schedule E for property you own jointly.