Generally the rule is - if you are changing the location(s) of electrical or plumbing fixtures, you will need a permit.

However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

Only "A" markets where 10 x 20's rent for $130 or higher will be able to justify the increased building costs.

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

This means meeting the 750-hour rule, the 50% rule, and the material participation rule of 500 hours.

I do worry a bit that the market could shift downwards, but I think I justified it to myself by saying 'in an economic recession, people will still travel, they just won't want to pay $800 a night to stay at the Grand Wailea.'  

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well.

@Ginger Vaadi I would agree the 50% rule probably more accurate over time.

Looking at the big January 1st rule changes?

Warren Buffett has a rule 1 of investing, which is "don't lose money