I felt that was the most honest was to classify it for the purposes of net worth.  

No one has advocated "filing a mortage [sic] or deed of trust as a security instrument for a debt that was never consumated [sic] or truly perfected."

I get Detroit because Automotive industryAlso what classifies a D property in Grand Rapids?  

You can also grab your local newspaper @David PereAfter which go to classifieds then legal notices.

Am I right to assume that having my credit pulled many times within a few days of eachother for the purposes of acquiring a mortgage will all be classified as one inquiry?

In today’s market, I would classify the finding of the deal as the biggest ratio of the 3 with finding the deal second and managing the deal last.

And did you consult with the tax expert on how this income will be classified?

STR Classification: How many times do I need to rent out the property this year to classify it as a short-term rental for tax purposes?

However the company that has provided a cost seg estimate says that the bonus depreciation can be used with REPS status if the property is classified as 'Commercial'. 

In order to claim depreciation losses from rental properties against your other income, the properties must meet the IRS's definition of passive income or be classified as a real estate professional.