One possible solution is to divide theproperty into two distinct activities and keep separate records for each.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

Florida offers a lot of distinct investment opportunities.

If so, those are different things though may be hard for the (any) client to understand the distinction.

I also like the distinction between the two types of mindsets travel nurses have when it comes to housing.

Regardless of the type of facility you are contemplating, there are two distinct pieces to the undertaking which you've described. 1) real estate development and 2) business operations.If you intend to develop a piece of dirt from scratch, get ready for a long and turbulent ride.

And they're also identical in that they both trigger the due-on-sale clause (yes, 100% they both do).The only real distinctions I've ironed out are the following:BUYERS: Face the huge risk that their seller could face financial or legal trouble and lose the property; or, at the very least, have a hefty lien placed against it. 

Each has distinct Pros & Cons.

In this situation, there's really no tax distinction between before and after.It's more complicated with an LLC filing as a partnership or a corporation, but the pre-LLC deductions are still not wasted.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.