If I were in your shoes I would tell the town you were told they were siblings and you don't question familial status as it is a protected class. If

@Chiquanna BannerYou mention having 'expenses' for 2020.You want to speak with an accountant to understand the proper classification of those expenses for tax purposes.They may be deemed 'start up expenses' or expenses that are normally capitalized.Regarding finding a CPA - I would suggest the following steps1) Reach out to your network of professionals for a recommendation - Ask real estate investors, your agent on recommendations2) Attend a real estate networking event and reach out to see who others are using3) Reach out on biggerpockets asking who people are using for their accountant.The reason I would pick option 1 /option 2 over option 3 is that you are more likely to work with a CPA who understands both real estate taxation and Illinois state taxation.

There's nothing wrong with offering cash for keys - it wouldn't affect you in court as it is a legitimate offer you can make to a tenant.Increasing the rent $200/mo which is a 25% increase during COVID times is a very risky move depending on the tenant class. If

There's a pretty wide range depending on size/classification of building and location.

With W2 income, you are not likely to pass the IRS's stringent requirements for this RE Professional classification. 

They should also be able to give a valuation estimate using the new zoning classification.

SFH or multifamily (or another RE asset class)? If

I received an email the other day with the following information:-----------------------------------There is a bill in the Colorado Senate Finance Committee that would change the classification of property used for short term rentals and markedly increase property taxes on those properties.

The classification of major is any crack that is 1/4" inwidth or greater.

@Jay ThomasWhether or not you should be treated as a dealer is a very complex issue and is case-by-case.Here's how to quickly tell your current classification by looking at your tax return.