Could you shed a bit more light on the tax treatment of Schedule C vs E in this type of scenario?  

The difference between the two treatments is whether or not you pay the 15% self-employment tax on your profit.Still, I side with Ashish in recommending professional help, as my suggestion needs a more detailed discussion before implementing, with a few pitfalls to address. 

He told his doctors that he didn't want any more medication or treatments and will no longer be seeing them. 

Your absolutely right though, need to get that termite bond and ongoing preventative treatments.

Hi Matt you're a little off on the opp zone tax treatment. 

But your accountant can classify the assets, goodwill, consulting agreement, etc in a way that maximizes favorable tax treatment.

In my experience, 90% or more are absolute shams to get pets into a rental by people that are not actually disabled or seeking treatment for a disability.

@Paul Murch - I am not an expert when it comes to junior liens, especially when it comes to their treatment in BK cases.  

@Nancy B.The DMSH is less an expensing election and more a book conformity election.There's a concept involved in the DMSH and other areas of the capital expenditure code section and regs called "units of property".You don't examine each line item on a receipt, you examine "units of property".Buildings are called out under the units of property regs as having special treatment. 

I have tried to help him out by trying to get a tenant in there early, and again by offering to refund a few days of rent if he agrees to surrender unit a few days early, and he is now behaving like a sore loser because it didn't work out exactly the way he wanted it to.