The project was built in 2010 and is pretty much classified as Class A (stainless steel appliances, wood floors, granite countertops, etc.).

Remember an LLC is a state designation so you would be classified depending on the setup...i.e. single member LLC (sole proprietor), multi-member (partnership), or corporation (s or c if elected).I am not an attorney and this is not legal advice.

So I would classify it as a D.

The population tends to be long term (fewer turnovers) We would classify these as class C neighbourhoods:  very good rental income for the price of the asset(s), but do not anticipate any appreciation.The lost/perimeter neighbourhood - I cannot think of an appropriate label for this type of neighbourhood (basically it is neither blue collar nor a war zone).  

My two cents here are classifying those as repairs as much as possible.

Should I classify this home as a rental or second home?

I've seen some cases where a 1-4 is classified as commercial because a business was operating out of one section.

It'd be easier to classify where to invest if you have a preset budget.

I put the number of members as 2 but the government website is saying that we will be classified as a partnership.

And as far as the $10K finders fee route, What type of tax would that be classified as?