At the end of the day it's an immaterial item, so you classify it as you wish.

How is it classified as a retirement account?  

However, once the property is classified as a rental, you can begin to deduct expenses associated with its maintenance and improvement.Repairs vs.

Also, something that I might see as a town home, where other than one attached wall everything else would be no different to a single family house, has been classified as a 'condo'.

Two people in foreclosure, 200000 people in foreclosure, doesn't mean they are motivated to sell their house just because they are in foreclosure.The whole premise of lists , or classifying and labeling people/"motivated sellers", based on their situation, is completely wrong.If dealing with a foreclosure increases your chances of motivation, how come you need to send 1000 letters to the foreclosure list to get one deal?

Will probly even pay for a Pro membership here in order to list it in the classifieds here. 

Maybe he is trying to classify more of the payments as principal, as opposed to interest, to pay less tax in the beginning.

You saved enough time to be classified as living in 96 hour days.

In addition a judge could get annoyed with semantics and opinions argument, and add in that it's a commercial use as Short Term Rentals are classified as Hospitality, and hospitality is classified as commercial use of real estate.

For you, that's going to be cost.Whether that $10,000 can be included in that depreciable basis depends on whether those expenses are classified as a repair or as an improvement.The property is then depreciated over 27.5 years, although there are some instances where that life could be 39.Best of luck to you!