Thanks for doing that, its easy to talk about it but the proof is in the pudding.C3 would be its classification code on condition.

But as a general rule, zoning classifications distinguish between SFR, 2-to-4-unit properties, and 5-units-and-above property.

Bob is not a protected class. If

If you aren't interested in being an agent, then, find out if there's a local real estate school, and go take a class. If

“Strong” is Fannies internal classification and that matters as in those markets, 80% LTV for acquisitions is possible and interest only terms can potentially be upto 180 months.

As a result, these homes have reduced sale and rental values than they otherwise could.So, be sure you are creating a functional space with whatever designation you are going to give to it, and generally the more restrictive classification is going to be the best and highest use to strive for.

The proper classification would be as 'Interest and Dividend' income.

I generally use tax software for putting together my return; will the 5 year and 15 year be listed as bulk line items on that particular property's 4562 or will I have separate 4562s for each particular bulk class (if you know the answer)?

It’s another tool in the tool belt so we can have as many different streams of income as possible in the future - not just one asset class. If

Individual Income Tax Return), Schedule C, E, or F.If the only member of the LLC is not an individual, the LLC income and expenses are reported on the owner/member's tax return.If you do not wish to accept the default classification of disregarded entity, you can:File Form 8832 (Entity Classification Election) to elect corporate status, orFile Form 2553 (Election by a Small Business Corporation) to elect S corporation status.Single-member LLCs may not file a partnership return.Also you did not truly engage in sharing on the points I posted. .....