The number of QBO accounts you need depends on how each of your entities files their tax return.

By turning it into a rental, you may be on the hook for capital gains tax in the future vs using the 250k exemption for single filer or 500k for a married couple that files together on capital gains if you were to sell now. 

I need to decide pretty quickly to file for 2023 or file extension and order these cost seg studies.  

They could file a fair housing suit against you claiming that you did not accept them because they were white, or Jewish, or they had kids, or didnt' have kids or they were Canadian.

Making sure you understand various lender's guidelines, doing your due diligence, actively prospecting, and making sure each loan file closes smoothly while ensuring that both your lender and client are happy is not a walk in the park. 

KBKG also offers FREE audit support and FREE use of their 481(a) depreciation software which produces the attachment schedules that are needed to file the IRS Form 3115.

Expenses prior to the property being placed in service will not be as beneficial from a tax standpoint If it is a business, bonus depreciation will be available in the first tax filing if there is a cost seg

Is there any way to file a change of use permit of some sort that would make this business model work? 

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

The articles are simply a form showing that the entity has legally filed in the state.