I can state that only a real estate dealer and an owner who provides significant services to renters (much like a hotel/resort would to its guests) report on Schedule C.
Even owners of large complexes report on Schedule E unless they are dealers or provide extraordinary services. If a firm charges owners (or a separate entity) management fees, then those fees would be reported on Schedule C (i.e., the firm is in the business of providing a service).
Regardless, there would appear to be no deduction on Schedule E unless the payment had been previously included in income.
