@Spencer Fuller, much will depend on how your accountant treated those bedroom rentals while you lived there. 

You will automatically be treated as a partnership for federal tax purposes.

He's a devote man and will always treat you right.

Nonetheless, everyone we work with is treated with fairness and respect. 

I am curious - it sounds like you are saying people cant change and that no matter what they should be treated as the person they were x years ago even if they may have a different history now...Say someone was evicted 8 years ago, but has had perfect rental history and wonderful credit - still a no? 

I have been told by several lenders that inquiries within a specific time frame from lenders aren’t much of a ding and are essentially treated as one inquiry.

@Jasraj SinghThere is other worst thing, that government may treat you as a DEALER if you're wholesale, but Don't know if F&F is subject to same treatment??

So you want a good one in place who will treat your property as you would if you managed it yourself.

Treat him or her really well and make sure you buy something with them to show how serious you are long term.

The IRS will treat unallocated amount as taxable boot.