When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

Maybe you could just throw it in a garage or storage area.

@Preethi S. understand your concerns about PMCs defending themselves and throwing owners under the bus.But... how is it okay for you to NOT share all the context, yet throw the PMC under the bus, and by extension all PMCs?

However, as you said the IRS instructions for QJV seem to throw in a LLC exclusion somewhat arbitrarily and goes against the language of this law. 

The only exception I use is when the property is a high-end unit.Informative title makes your property look like a cheap business but it is still way better than common titles like cute, adorable, cozy.If you are charging over 1k per night, I think it is better to give more high-end title like Stay with 30,000 trees, tingle your inner artist with lake front retreatJust my opinion :)

@John Matthew Johnston 80% of the time, it's a thankless job:(You're never fast enough for complaining tenants, nor fast enough or cheap enough for owners.To have any chance of success, you have to be extremely organized, or every day starts with your hair on fire!

Easy to screen, setup leases (I do my own), and collect rent for very cheap fees. 

You need better contractors, because "not* putting in clean outs on a full repipe is just dumb, lazy and cheap.

Throw in they are short staffed and if its less than $100M+ it will cost them too much to investigate.A state agency may look into it, but at this time - someone paused redemptions - that is not a crime even if they are still marketing to investors.

It's not cheap though, but if you have a lot of properties, it would be something worth looking into.