ACH bank to bank and zelle  not through a third party platform I believe are the only ones not currently slated to issue 1099s since it is bank to bank but if you get audited the government will look at those as well. 

Do not rely on the inspector to be accurate, fair and impartial!

They first will do a thorough audit of your last 2 years of taxes for ALL entities and then walk you through where things are good and where you may be at risk and then create a tax strategy moving forward.

Joe mentioned one above - will the documentation provided from the study hold up in an audit.

I have read that it is incredibly important to keep your business finances and your personal finances separate should you either be audited or sued in the future.

Yes for someone who is working full-time, you will definitely want to make sure you have solid documentation to substantiate REP status as that is something the IRS would likely challenge IF the return is selected for audit.

When they are being picky, it is just to protect the integrity of their paper trail for the regular custodial compliance audits they undergo. 

The letter then talks about the risks of using a discount broker, all the ways the agent can net the homeowner as much or more than a discount broker, makes an irresistible, completely risk free offer for a “Free Home Audit” and a “Free Special Report”.The agent also uses a few great testimonials and statistics about their success (proof).

on both MF and SF business models  and have participated in MF road trips (both educational and acquisition trips) and participated in due diligence for other members (lease audits, unit walk-throughs) and have met with various lead investors to pick their brains. 

Quote from @Mike Hern:Today during my audit, by the nice man at the IRS (I filed an amended and requested a refund ;-) I am full time real estate with no W2 income.Anyway, he said "Since I am using a Non Passive Single Member LLC to buy properties, sell properties and manage rentals, I should be putting my properties on Sched C, subject to self employment tax instead of Sched E.