The treasury is running out of money and unless they raise the debt ceiling, the party is over.

https://www.housingwire.com/articles/treasury-fhfa-suspend-recent-pspa-requirements/?

It seems that is might be classified as rental income (therefore passive) under Sect 1.61-8 of the Treasury regs, but I am way out of my area of expertise here.Can anyone who has successfully completed lease-option projects or has experience with reporting your option fees provide an outline of how those fees were treated for tax purposes?

Here's a link to the BLUF (bottom line, up front) page from the city treasury that explains different tiers to this system, as well as a link to their preliminary system for license application.

With the new hospital, casino, expansion of grantline road, good schools and various other infrastructure building it's ripe for appreciation.

STR can work out in eastern CT, but they have to be near the casino and priced competitively when compared to the hotels in the area.

In one small town in NC, there is a casino being constructed in an area with almost no STRs, it's still 2 years from opening, but what people don't realize is that because of the lack of hotels, and the size of the projects, contractors have no where to stay, two of my clients have bought very cheap housing in the area, modestly furnished it, and have better ROI than almost any other investment they've ever had. 

The US bond market is saying the same thing with 10yr treasuries continuing to fall the bonds are projecting slow growth. 

They have been buying $120B per month ($80B in treasury and $40B in mortgage backed securities).

I suspect it will come down how successful the treasury is in their goal to minimize the burden on the real-estate industry.Too much still is not known to know how big a burden these new regulations will be.