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.

@Diego A.Just to avoid confusion on this topic, whether you classify something as a partnership has nothing to do with whether you are selling securities.

I will proceed to explain my property and ask several questions about what insurance should i get.Property Details:It is a 3-story townhouse classified as a condo, it is a new construction finished in Nov 2023.

@Edmon Ussery whoever you hired did a terrible copy & paste, since there's no address in this post to be able to find the proeprty and disturb the tenants.Also, they should post this under the Classifieds forum as a moderator will flag this for removal soon.

Trying to classify “all distress is bollocks” is misleading. 

If all further work must be classified as either a "repair" or "improvement", then that would imply that there can indeed be "repairs" to a property that has not yet been rented in the eyes of the IRS. 

DependsDSCR CAN be a NonQM loan where they always disclose.If you are an experienced investor who owns and operates a business some lenders classify yours a commercial loan (the same as high rise office).

We just closed on one STR and have two more in contract.We’ve been actively investing for about 2 years and I am still running my other business, so I classify myself at stage 1.5 as a RE investor.

@Veronica Blackstone You could try posting in the classified section of BiggerPockets as well!

Please note the rules do not allow any kind of marketing or deal making outside of the classifieds forum.