Additionally, there could be tax consequences for you, possibly losing your long term capital gains tax treatment. 

Your CPA would then utilize the results of the study to plug into your tax return when filing your taxes. 

The primary reason for rezoning (aside from complying with laws) is that it did save tremendously on taxes.

Trying to determine how much longer I should do my own taxes. 

DTIs do not apply, not tax return / personal income eval

Rental bought in 2023 and initial return.For assets - Cash, depreciable assets less accum deprn, landFor liabilities - Open credit card balances (Charged rental improvements and expenses on 0% interest credit card)Partnership equity - Cash contributions less net lossMy assets are greater than liabilities + partnership equity

Tying up the property with no payment being made and property taxes accruing for 2 years is not uncommon.  

Then compare against the cash flow after taxes from the business. 

I understand for tax purposes that I can only take two-thirds of the expenses related to the house to offset the rental income.

It's crucial to align this decision with the nature of your income sources and their respective tax treatments.