Nightly prices dropped (a perfect example of the capitalist system, supply and demand) plus, property taxe classifications changed and became part of my expenses. 

@Ed Brancheau All the big commercial brokerages mostly produce research reports that are usually available on their sites for each asset class, if you're looking for general San Diego cap rate info.

However, even with a B class if you aren't up for a whole house rehab, I would prioritize the public areas of the home.

No Member shall in any event assign anInterest, or any portion thereof, if such assignment would result ina termination of the Limited Liability Company for Federal income taxpurposes or jeopardize the classification of the Limited LiabilityCompany as a partnership for Federal income tax purposes, or violateor cause the Limited Liability Company to violate, any applicable lawor governmental rule or regulation, including, without limitation,any applicable Federal or state securities law.

More risk = Higher potential returnBelow are the typical risk-for-return classifications for a standard commercial investment:Opportunistic - Lease up vacant space / heavy renovation / change property use - +20% Internal Rate of Return (IRR)Value Add - Some lease-up risk, short-term leasing risk, some renovation, Increase rents - +15% IRR.Core Plus - 5-year + lease term with under-market rents, increase rents to market, minimal to no reno - 12 - 15% IRR.Core - New building with strong tenant on a long-term lease - 8 - 12% IRR.Timelines for these will vary as well.

Preparation By An Individual With Expertise And ExperienceThe preparation of cost segregation studies requires knowledge of both the construction process and the tax law involving property classifications for depreciation purposes.

Interesting, let me know if you get some info on these, I'm interested in expanding knowledge on residential side of condo row houses also, I'd like to join you on this course/class, if you happen to find one.

I did expect it to be RS-4 because while only my parents occupy the building and only use the first level, there is a separate door for the ground/basement level and i do think historically (ie: many decades ago, it’s an early 1900s build) the house was used as a multi unit or was intended to be..however when I check the cook county property tax website, they do have the house listed as 2-11 for the property classification code which is a “multi family with 2-6 units” (instead of some the other 2- classifications that would be for a sfh).

There are a number of classifications for this type of residency with only certain ones being          eligible for loans.I was also told he could potentially obtain a non-resident private mortgage loan. 

Hi, When filling out the EIN form, how do I classify the business? Construction or Real Estate? Right now we have 2 rentals and will begin to fix and flip, all in FL. Thanks!