Jenna and Matt are classified as "Airbnb Superhosts" which is a distinguished title that they have earned through their high response rate, exceptional hospitality, and hundreds of 5-star guest reviews.

@Carlos Ptriawan it's classified on the loan as a SF... a residential property... we are being treated like a commercial property though now, and based on building safety and neighborhood services... more problems keep coming up driving up the cost.

Am I still able to classify my property as a rental or short-term rental for tax purposes once I move although I'll be unable to rent it out until I'm off the wait list?

He was also worried that the existing supply ducts would be rotted out since they’re in a crawl space, but they were fine.I eventually found another guy here via the Classifieds forum and was really happy with the outcome.

AP allows you to deduct some losses (technically classified as "passive") against your non-passive income, such as your W-2.

Patrick G.From the outside without knowing any details of an investment one can classify all debt as risky.

Roughly 50% of the ballpark 5 million families on some sort of housing assistance have children, 25% are elderly, 15% with disabilities and the remaining 10%(10% is being generous with the numbers as well) are classified as "other" so lets assume these are the completely abled bodied folks.

Some background- I have a full time day job and nowhere near being classified as Real Estate professional- All my properties are using conventional financing

You basically have three options when it comes to depreciation: The easy way - lump everything together as 1250 property and depreciate over 27.5 years.The Quasi-right way - Do simple cost segregation from your records with your CPA to classify some things as 1245 property depreciated over 5, 7 or 15 years and some as 1250 property depreciated over 27.5 years.

Right now we classify different residential assets based on a criteria of use and size but perhaps clustering will reveal classifications that people have not realized!