That said, you would also have to pass and prescribe the duties of someone in an administrative role.

You are in a financial position to tie up your capital for the prescribed time, or possibly forever, if you are unable to obtain clear title.4.

@Bob NortonAs long as you do not run your AirBNB as a hotel, which means that you provide services like daily cleanings and food service (like a Bed & Breakfast), then your AirBNB is treated as a rental property just like a long-term rental.Bob, not sure if your post was in response to mine, but you may want to double check yourself there.IRC Sec 1402 is just one code section.You may want to examine what happens to a rental under Sec 469 when we have an "average period of customer use" of 7 days or less (i.e. pretty much all STRs).Then, you may want to examine what MACRS life is prescribed when more than half of the units in a building are used on a "transient basis"  (i.e. pretty much all STRs).Not trying to be argumentative. 

For the purpose of this section, the prime rate shall be the average of the prime rates reported by the three largest banks in New York City as of the close of business three business days immediately preceding the date on which the loan or credit sale is made.Alabama legal rate is 6% and most people think that the 2% additional allowed is above that for a total of 8%, but the actual wording seems to say 6% or 2% above the prime rate as defined by the 3 largest NY banks in the three days prior to the singing of the loan.However, it is unclear as to who this applies to when you view section 8-8-5(a) Any person or persons, corporations, trust, general partnership or partnerships, limited partnership or partnerships, or association may agree to pay such rate or rates of interest for the loan or forbearance of money and for any credit sales as such person, corporation, trust, general partnership, limited partnership, or association may determine, notwithstanding any law of this state otherwise prescribing or limiting such rate or rates of interest; provided, that the original principal balance of the loan or forbearance of money or credit sales is not less than $2,000; provided further, that all laws relating to unconscionability in consumer transactions including but not limited to the provisions of Chapter 19 of Title 5, known as the Mini-Code, shall apply to transactions covered by this section.

@John Hickey Rent stabilization means you can't raise the rents more than the prescribed amount to current tenants.

I prescribe how often dog waste in yard must be picked up (not less than 3 times weekly), how often litter boxes must be cleaned (daily), that dog nails must be kept clipped short to prevent damage to floors, etc.

The approach taken should take into account the facts and circumstances you have - I would need to revisit the rules to see if their is a specific prescribed method, but in court rulings on split basis/holding periods, typically a logical approach can prevail.

They are "prescribed" for individuals dealing with anxiety, depression, or other mental health issues.

If the terms prescribed by an investor are contradictory to your goal, then it's better to part ways than blindly accept the proposition.

Unfortunately, there are no prescribed qualifications for cost segregation preparers.