They are on a year lease that expires in December.This is my first property and first time dealing with this issue.

That said, if the property you're attempting to finance is materially larger than the properties you currently operate (IE - you're trying to finance a 30 unit building, but have only operated a series of 4-plexes to date), then sometimes this rule gets thrown out the window and you'll still be subject to the "Limited Multifamily Experience Sponsor" re-sizing parameters. 

That's something he would have to keep up to date each year to calculate the amount of depreciation to claim on Schedule E, correct?

We cannot give specific dates.

I also mention that alterations like this is effectively a cancellation, and so close to the dates effected hurts my operation and should not be possible per cancellation policy. - Guest insists booking was made because of moderate cancellation policy.

Look for the topics that catch your eye in the forums, when you think of a few you're interested in, hit the "follow" button to keep up to date on what is going on in those specific forums. 2.

Since I work for Grocapitus, I just want to add that this useful string has convinced us to working on adding exit dates to our track record, and also add in the late 2023 and early 2024 exits that we have been a bit lazy about adding.

When is your closing date? 

Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.

It can be set to auto-classify trips as well.Best practice is to keep it up to date (i.e., classify your trips) frequently.