Also understand that one of the requirements to qualify as a trade or business, is that you must provide services that are directly beneficial to the tenant. For example, if you're only providing services between tenants to prep the property for the next occupant, that's not providing services directly beneficial to the tenant.
Whereas if you're providing daily cleaning services while the property is occupied, then you are providing services to the tenant. Things like making the beds daily, cleaning the kitchen, preparing or providing a meal, etc.
But weather the activity qualifies as a "trade or business" or not, you still need to complete and file a 1065 return and issue all members a K-1. I think I mentioned above that the 1065 is due March 15th too.
