An important distinction:
Schedule C income is subject to the self-employment tax.
Schedule E income is normally excluded from the self-employment tax, but the exclusion does not apply if the rentals are received in the course of a trade or business of a real estate dealer.
https://www.law.cornell.edu/uscode/text/26/1402
This is a complicated subject and you should rely on the services of a tax professional.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
