I'd also say use it to juice up your retirement and medical (HSA) pre W2 contributions which is what wife/myself do. 

@John Williams I know a lender who does that for properties in E TN I believe.

Hello, I own one rental property and report income and expenses related to that property on schedule E. 

-I have about $50,000 in unrealized capital gains sitting in my e-trade account and the stock market scares the hell out of me right now. 

@Randall E Collins first things first learn all that you can learn. 

Especially in NE, E and SE Austin due to the proximity to the airport, toll road and the new Tesla factory.

@Bryant TroupeJust a few general comments and observations.I now now have my books on QuickBooks since 2002, my 3rd generation of bookkeeping, after using 2 other accounting software before it.If you are mainly doing rentals, just do the chart of accounts in accordance to that of the "Schedule E".

That will generate Sched E income and Sched C expense.  

Originally posted by @Robert E.

In this case can the LLC be considered as disregarded entity and can it be filed under 1040 Schedule E or will it still be treated as partnership LLC and file 1065 form and issue K1 to the trust?