@Michael Stansky It looks like we got 4 people so far sounds like a good place to start. 

I really appreciate your feedback @Michael Baum.

I found this information in the on of the forums that @Anthony Thompson referred me to:Originally posted by @Michael Plaks:@Andy J. and @Alik LevinYour confusion comes from mixing together these two completely separate issues:personal deduction on Schedule Abusiness deduction on Schedule E (rentals) or C (flips)If your loan is used for investment/business purposes, the interest is fully deductible against the corresponding property on Schedule E or C.

Originally posted by @Michael Noto:@Joe Cassandra First, I would wait to see how this all plays out, the asset based lending may come back sooner than you think.

@Michael PlaksI know but The business has grown up so fast.

@Michael P.

@Michael Christensen Just bought a rental and my lender let me know that a cash-out refi would require 6 months seasoning before it could be done.

@Michael Anderson.

@Michael King Great advice, thank you.

Michael...Using your example, we both know the journal entry that reflects the economics of the transaction is as follows:Debit Accounts Receivable: 9,000Debit Lease Commissions Expense: 1,000Credit Rent Revenue: 10,000You're arguing it doesn't matter because you're getting to the same place for federal income tax purposes...Okay.