These are not taxable events.

We offer a $200 referral fee, and have been considering increasing it. 

The first few times, I didn't charge a late fee.

Quote from @James Hampton: How about a quick check before you have to charge a screening fee? 

Converting OP units to shares of the REIT creates a taxable event.Ok thanks.

Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

My understanding is profit from lending is considered "taxable income" and is therefore added to your income and subject to your normal tax rate after all deductions, etc.

Rent cannot be more than 50% of income, 59% if it is non-taxable income.

Depreciation lowers taxable income now but is subject to recapture at a maximum 25% rate when the property is sold.

Tax benefits should be considered but not be the sole factor.The 'main benefit' from a tax perspective should be to generate a high return from your real estate investments and not to pay taxes on the return that you get.If you are able to reduce your taxable income, that should be icing on the cake.