Reg. 1.469-5 which provides that an interest in an entity will be treated as an interest in a limited partnership ifa) the entity is classified as a partnership for federal tax purposes, andb) the holder of the interest does not have rights to manage the entity at all times during the entity's tax year under the law of the jurisdiction in which the entity was organized and under the entity's governing agreement [Prop.

I think either one would be able to help you with unlocking some of that equity.Furthermore, I don't think you need to classify it as an "investment property."

They denied the loan because the property is classified as rural.

Anything over that in FL is not classified as a small claim. 

@Erik Hitzelberger Am I correct in stating that 40212, 40211 and 40210 (seeing as they aren't included in your assessment list) would be classified more as a warzone area than a C- or Fringe area?

Have you looked in the classifieds, online, etc. and searched for rentals, or homes for sale in your area?

Create an online storage account with Google Drive, Dropbox or Apple drive to save files such as Reciepts.Open up a separate bank account / credit card that you just run your rental expenses.Open an excel file or accounting program to properly classify your rental expenses.Best of luck

They are classified as riskier loans and have tougher guidelines.

I would just classify it as a capital contribution and call it a day.

My next step is to add multi-family to my portfolio, and this will be a great way to begin that journey as well.I wouldn't necessarily classify this as "fun", but I used to think like 99% of people...I now strive to think like the 1% each day I wake up.