Whats cool about the one i linked, and this is why you didn't see it in the multi search, the property has currently lost is zoning classification for multi so as far as the city is concerned it is a single family unit. 

. -- Long time homeowner (ten consecutive years as your principal residence AND income limit).Do you come under any of those classifications?

Consider mixing in some additional classifications of motivated sellers.

Government needs to set up zoning classifications that allow denser building (three flats in areas designated for single family, etc.).

Some of the gurus shared good stuff in there.https://www.biggerpockets.com/forums/12/topics/666322-classification-of-neighborhood 

@Ashish AcharyaThis maybe a dude question but what classification do you have to be at to be a big investor?

:Charles,Could you provide a little bit more info about the property type/area class?  If

I know all about the technical difference between these classifications, but was wondering from people's experience which they prefer.  

The only way a LLC would be required to file a Form 1120 would be if they informed the IRS that they were electing out of the default classification previously listed (which I suspect you have not done, unless you did it accidentally).3) There is no need for you to File a Sub S election until such time as you start making money, as all it's going to do is add levels of complexity to what you're doing and not save you any money.

When partners invest or give a loan to the business, as to money in and out by the partners, if it is for a specific property, you should add the Class (if using QuickBooks).