In the event I am wrong though and the anti-abuse rule would be triggered, I assume this would be treated normally under CIP rules?

I found a bunch of info but can't post it as the site is blocking links.Having said that, there will always be someone who's asthma is severe enough it will be triggered.

I had helped investors for years buy deals and also found myself in paralysis with pulling the trigger to invest about a decade ago.

That’s the bad news about lending.Since you’ll be throwing large sums around, make sure you have a really good lending attorney to educate and keep you in compliance.

As a matter of fact the house we like the most that is on the market currently self manages and says right in the listing that it is allowed, though it appears they might not be in compliance and we would not take that risk.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

As you've already heard many of us say, how we have been operating already was in compliance with this "new" change for most part.

Screen potential tenants thoroughly with applications, background checks, credit checks, employment verification, and reference checks.When screening potential tenants, it is important to use industry-standard forms and reliable screening services to ensure compliance with fair housing laws.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Conditions and compliance of the property code would be taken care of during the sale of the property.