@Mary JayAs @Ashish Acharya noted, the default federal income tax classification of a SMLLC is a disregarded entity, which means it is dissolved into the owner for federal income tax reporting purposes and does not file a separate federal return."

A partner and I own a warehouse in a small market that we're interested in converting to self storage, but it's in a "mixed commercial/residential" zoning part of town, and the only zoning classifications that are permitted to build self storage per their code are the purely commercial zones.

They use the same classifications as the IRS uses for tax purposes to classify a home as a vacation home or investment property.

In addition to this figure, the CES provides more granular data for jobs tabulated using the North American Industry Classification System (NAICS).

Everything will be on the 8825- You don't really need to be too technical with the Improvements classification.

Depending on the audience, the certifications you have and the business classification of the fund you may or may not be able to advertise to specific groups.Michael

. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use      unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

You can lose money in NNN just like any asset class if tenant is bad, location is poor, lease terms are not optimal, guarantee on lease is weak.

I have an interesting lending opportunity that I have some questions on. Hoping to get some feedback.
Owner is an older gentleman who has moved out of the subject property and is now living elsewhere. Now that he is...