For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

@William Harvey I had to take on a client and fix a lot his QB because his bookkeeper was not focused on real estate and just classified a lot of things in the wrong place.

Hi BP members, I have a building in San Francisco that is classified as a 2 unit building, in reality it is x3 apartments, the ground floor work was done prior to acquisition and not permitted.

If through a syndication passively or actively as a managing partner, or if you mean smaller multifamily (2 - 4 units) which are still classified as residential. 

So base on conventional financing I would need to be owner occupied for it to work if the 2 units were classified adu and junior adu?

I'm also wondering what the advantages are of classifying one as an operating expense vs. a capital expenditure.

X has been homeless for decadesand stole battery packs from Lime scooters and electric bikes.While soddering (sic) them together in his unit, he started afire from the lithium battery packs.

Since U.S. rental income is classified as U.S.

I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).

It was removed about a year ago to avoid duplication with the newish "Find a Lender" tool - you would be required to utilize that or go to the Classifieds Forum and post the needed scenario and have lenders be able to come to you directly