It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

The CFPB is working to classify these programs as credit to drive them onto credit reports.

Hey Catherine,We classify it as a 'Delayed Purchase' and set it at 80% of purchase price. 

A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.

Post in fb groups and even here in classifieds what it is your looking for.

I am looking for cashflow  - no really flip and fix market .Looking for person/agent/team   who is expert in the market can guide in securing the first  two deal .I am open to consider the single family house and multifamily apartment building  You'll get more responses by posting this in the Classifieds section.

@Johnson Best If you haven't yet positing in the Classified section of BiggerPockets will likely result in more agents reaching out to you. 

My CPA is telling me that because we used it for 14+ days for personal use then it is classified as a vacation/second home for the year and the expenses get prorated for only days that renters are actually in it. 

Currently sourcing off of MLS and a few wholesalers but very cautious there  Check the BP Classifieds, I have a ton of stuff there.

Great investment getting ahead of the college housing expenses and putting the equivalent rent money to work..If the property is generating income it can be classified as a 'second home.'