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Is there ANY argument for being able to keep this property's interest income and interest expense on a Schedule E (with my other properties)?

No. None at all. Interest income goes on schedule B. The interest expense is investment interest expense and reported on schedule A.

If not, is there ANY argument for reporting the 1098 interest on my Schedule B as nominee interest?

No. The correct reporting is above.

I meet the eligibility requirements for filing real-estate business on Schedule C,

Sole proprietors still report their interest in schedule B, unless they are professional lenders of money. You have said you are a real estate professional, not a professional lender of money. So your interest income goes on schedule B.

--Peter
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