We tried a 506(c) and could not get out of the starting gate.

The first misunderstanding is that they compare a Chicago B or C area with a Milwaukee D neighborhood, which makes the price difference look spectacular.

Based on what you laid out, if you're going to DIY the 1065, you'll want to become familiar with maintaining 704(b) capital accounts and read about 704(c) property and the associated tax allocations.This isn't really something that's advisable DIYing, but if you're willing to put in all the research and reading, perhaps it is possible to get the 1065 materially correct.

I feel like I'd be able to have significantly higher deductions if income were listed under Schedule C for my business rather than on Schedule E, passive income.

Average caps for my market....C- 8%-12%+B- 6%-8%+A- 5%-Our market is pretty linear in the market corrections. 

I have a tremendous deal (beats the 1% rule at about 3.1%), the neighborhood is c class, not d, the place isn’t run down (needs some minor repairs) and is currently rented.Yet, I’ve had multiple calls today and everyone so far has pointed out issues with the fed rates causing a lot of issues with lenders doing specific types of lending, specifically pertaining to my current needs.

Maybe it wasn't them that did it, then their answer was correct.B & C. 

@Keith W.Massachusetts lawsMGL c.244 Foreclosure and redemption of mortgagesMGL c.260, § 33 Limitation of mortgage foreclosures; obsolete mortgagesMassachusetts regulations209 CMR 56 Foreclosure Prevention Options (with form for notice)940 CMR 25 Foreclosure Rescue Transactions and Foreclosure-Related ServicesSelected case lawBank of NY v.

Plus, I've heard great things about B or C markets in other states (Texas, Alabama, Arizona).

I have heard my mentor refer to this pandemic as "st Carona" b/c of all the blessings that will come out of this