"Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise.""250 or more hours of rental services are performed annually with respect to the rental enterprise.

I don’t claim to know every company in the country, but I do know that there are very few today who were operating in that space at that time, so I think it is definitely on us to share reflection for other business operators and investors.I also came through the last recession as an investor having bought my first property in 2002 and owning as many as 57 single-family homes at one time.

I want to take this time to reflect on what truly matters during my time in February and now spilling into March.

If anything I’ve seen out of this it has slow us down and made us reflect and refocus our life which is a good thing much needed for a lot of usAlso I’m glad to be spending a little more time at home and with my wife

So the recent fed lowering of rate is not yet reflected in mortgage rates to the extent that the rates are lower than they were recently prior to the fed lowing the rate.We have our docs to our mortgage broker and can refinance when it makes sense. 

from my understanding all hearings for all areas are being postponed so i do not think it is a reflection of them siding with tenants over property owners but most likely just trying to reduce gatherings. 

It reflects poorly on your respect for other posters on this forum and those in our accounting profession.  

I wanted to try to offer perhaps some things to reflect on that might help a little bit...It sounds like you have two pretty distinct challenges in this situation;1.

Michael...Using your example, we both know the journal entry that reflects the economics of the transaction is as follows:Debit Accounts Receivable: 9,000Debit Lease Commissions Expense: 1,000Credit Rent Revenue: 10,000You're arguing it doesn't matter because you're getting to the same place for federal income tax purposes...Okay. 

First and foremost, I hope everyone is staying sane and healthy, we may be quarantined for some time but this could be an amazing space to reset, reflect and recharge from the fast paced city life that we have become accustomed to.