So if one lender wants to classify it as an investment property, you may still want to try it with another lender.

Good info, it sounds like I will need to be careful to segregate the Depreciation recapture which would probably be classified as "ordinary income"  I have an inquiry out to the Belpointe PREP OZ fund to get all the details. 

Not a tax advisor, but another method is to classify your personal purchases as capital contributions to the business.

It was originally a 4bd 1 ba home (1 room being an office room but classifies as a bedroom) but the original owner added an addition off the back of the house.

Lately I sent out 1,400 advertising cards to 1,400 leads they provide received only 1 yes only one response and that was a legal order of cease.I have several classifieds running with zero results .I have a custom perf sign on the back window of my SUV with zero results to dateAnd a heavily promoted website with very low traffic Did google ads which was a complete flop Would like some feedback about charter financial and the owner Leland RegardsMark

Consider checking out folks answering questions on this forum or go to the classifieds where we can be more direct.

@Joseph Warren welcome aboard.Be sure to post your deals under Classifieds or the Marketplace areas.Anywhere else and the Moderators will remove your posts and eventually ban you.

I'd recommend 3 story. check out the classifieds I have renderings of ours and floorplans

The home has a foundation and we plan on restoring the structure to have it classified as a single family residence, and then to lend against it.

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.