It may make sense to post in the classified section of BiggerPockets as well!

You could probably also try the classifieds here on BP. 

I reached out to local zoning departments and one told me it would have to be re classified as a boarding home and or a multi family dwelling.

Hi Cindy - It depends and difficult to provide detailed answer without evaluation of specific situation as SE tax hinges on whether your income is classified as active or passive.

Additionally, it can help maximize renovations and improvements.20.83% of the total depreciable basis was classified as 5-year class life.

I was curious, when I go to classifieds and events it allows you to search for events within a radius of where you are.

We also need to get more than 50% of the units rented so the cash flow is better and we can afford a PM, if that’s the route we go.One thought would be to be classified as an employee of the different property LLC’s while we accomplish the goals mentioned above, in addition to managing day to day things.

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

When you have 5 or more units these loans are classified as commercial loans.

I found it extremely helpful in taking to my other members and managers to be able to classify RE markets into segments (e.g. what you've done with new construction vs. existing and I did with HUD held-for-sale) and convey the data behind my rationale for suggesting price bids, etc.