Self Employment Tax on Rental Income held in an LLC?

[Brandon Turner]

Any tax pro's out there?

If I own a LLC that owns an apartment building, do I have to pay self employment taxes on the cashflow each month? I know normally passive income does not get taxed with self employment, but if I don't technically own the apartment (I own the LLC that owns it), is it still passive income?

Also, to throw another wrench in, I have a separate LLC set up to manage the LLC that owns the building. Both are taxed as a "sole prop".

Any thoughts? Thanks

brandon