The classification of the unit also matters.

You are pushed into the extra costs associated with a commercial classification, but only have three total units. 

Current building classification is an M for retail.

Just reaching out here if anyone in South Dakota mainly Sioux Falls (or any place state wide) area is currently investing, mentoring in the self storage class. If

@Linh Khuc the A, B, C, D classifications are definitely subjective.

It's that multiple per year part that's key.FYI, dealer classification applies to more than just real estate too, i.e.if you sell 5 cars in a year you bought that same year etcFor notes, I'm not sure.

Hi, looking to claim the real estate professional for tax benefits.  I have a variety of qualifying activities on a part time basis that will qualify me, but am thinking of adding LSA (loan signing agent) to the mix. ...

I currently have about 91k in equity that I want to take out but from the condole classification I am having trouble getting another conventional loan do to the re fi.

If you decide to implement a cost segregation study, its very important to understand the legal status of the study, process for undertaking the study, property classifications, which property is best and worst for cost segregation studies, costly mistakes in studies, etc.

I am aware of current market situation and raising interest rates but still, if you think about long term, historically, asset classification comes into picture, for example, 2008 financial crisis properties lost 50% value in California but recovered pretty well.