Hi Carl,
Your post has helped me out a lot. I am one of those that was "convinced" to start an LLC to hold real estate for protection purposes. I did a lot of research at the time and I'm not sure why the kind of info you have provided didn't pop up!
Anyway, I'm commenting to ask you about the Schedule C vs. Schedule E thing. It seems that the differentiation is important but I don't understand why. Could you explain?
Eric
