Celtics game.

When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.

Hey @Jimmy JarjourIt sounds like you are crushing the education game.

This just speaks to the broader point that Airbnb is no longer an amateur's game.

You have to have some skin in the game or else why would anyone risk their money on you?

Play stupid games, win stupid prizes.

I am breaking into the real estate investing game and I find this strategy very attractive.  

Investing in real estate is typically about leveraging your money to control the most amount of real estate - just like the game of Monopoly!

I have had this situation come up several times this year, in multiple states, Lenders want to have the borrower have skin in the game at this point in time. 

If Karen wants to continue playing games, might be best to file suit.