I'm not a CPA, but you can most certainly stay at you're VR and keep it classified as an investment rather than a second home.  

Essentially they are trying to get out in front of what they classify "problem" or riskier loans before they have a chance to become a problem or a worse problem.

The way areas are classified are entirely subjective, so I have to ask how you would define a B+ area?  

The city, which has one of the highest numbers of homes classified as secondary or vacation homes, boasts plenty of outdoor amenities such as lakes and mountain trails.https://www.rgj.com/story/news...So, quit a few STR's do exist, some folks in Big Bear Lake are apparently posting signs that say "Neighborhoods Need Neighbors" because, and I'm paraphrasing here, they no longer have neighbors, only STR's.

Make sure you aren't classifying wear and tear items as damage.

The money you gave to the entity is classified as a capital contribution. 

The critical item is setting up the chart of accounts in conjunction with your accountant so that everything gets classified correctly.

Originally posted by @Adem Tahiri:I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me.

Most importantly:It created a pathway to phase out the massive subsidies FEMA has been giving to the owners of properties in repetitive flood zones;It required new mapping with the effect of classifying more property as flood-prone, expanding the risk pool;And because maps cover broad areas an not specific parcels it better codified the process of contesting flood-zone designation through Elevation Certificates.As soon as the subsidies started being phased out, there was a ruckus because the rates went sky high.

Personal Property - Not sure where to find this Other Taxes - What could be classified here?