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You do not have to classify rehab expenses.

Bienes, I would not classify a bouncy house as athletic equipment, it's probably not sold by athletic stores or used by athletic teams for training in any sport.

[Note: There is a caveat here: if the corporation employs 5 or more full-time positions, then the income would be classified as "active" and would be taxed accordingly].When rental property is held by an individual, the net passive income (or loss) is added to that individuals other income and taxed at the corresponding marginal tax rate.

Apparently alot of it has to do with how the fee is classified on the closing documents.

You have $100,000 of gain that is also classified as “boot,” and it will be taxed.10.

If the property is classified as a "second home," you will lose just about all of the tax deductions that are available for "investment properties."  

Austin, [Texas], on the other hand, has a population of under 2 million, which would classify it as a tertiary market, but generally the investment activity there is much greater and more emblematic of a larger primary market.Defining the Market

Hey folks, a caution, just because a house is purchased as a non-owner occupied, for you to rent, doesn't always classify the loan as a commercial note, you need to check with your state about loan classifications of 1 to 4 unit dwellings.

Basically Leavenworth has a lot of restrictions for STR with the exception of Owner-occupied which they classify as BnB.