Support for this can be found in Section 1.1362-2(c)(5)(ii)(B)(2).”Respectfully, you’re misapplying this treasury reg.As already mentioned, and cited in my posts, IRC Sec 469 is the “control room” that governs the passive activity loss rules.

MBS rates have not been affected like treasury rates.

We already have NEGATIVE interest rates in multiple countries, and the US treasury rates just hit new historic lows courtesy of coronavirus. 

So if in the last 20 years, the 10 year treasury rate dropped by 100bps in any one year period, then that's what I would use for my conservative projection for it increasing in the next year.So, if we look at the 20 year yield for the 10 year we see some pretty big swings within a single year period.If you're planning for the apocalypse then you may want to bake in a 2% increase.

Casino's have shut the buffets closed most of the shows. cancelled NHL games on and on.. so curious what you would do for a great tenant in a tough spot ? 

However, more than the effect of the Fed’s actions, trends in the 10-year Treasury suggest rates may have more room to fall.

Crowded restaurant in a casino?

Combined with the anxiety related to the COVID-19 we're not exactly on terafirma.This week we saw the 10 year treasury bottoming out at a historic 0.35% ( it was 1.8% at the beginning of the year, an 80% decline in yield/increase in price).

They have also been approved for a new casino in the area so this area will definitely help increase the rent with the amount of jobs and tourism it will bring to the area. 

As a 63-year-old with a BA in Economics and lots of treasury experience, I have concluded that the Economic principles I was taught in college and experienced in my treasury career often no longer apply.