A lot of counties simple don’t “recognize” the short term rental model yet.

They get upset when they don't recognize help.

Recognizing the need for more stable long term sober housing.

If you recognize that the first property will likely not be a rockstar property, but the lessons will be extremely valuable for the rest of your career, I think you are on a phenomenal path!

But the market recognized the need for housing and other apartments and condos were developed so the competition for students increased. 

Appraisal $2,000Storage build is $500,000 less cash out $330,000= $170,000 loan for Storage.Interest rate- 4.5% deductible, non-SBA.Appraisal- $2,500Problem 1- You probably didn't recognize, but now you have two loans with two different banks.

But we do fund deals, we are a licensed HML and are happy to work with those who want to learn how to recognize the very specific type deal that we fund. 

Which is why learning one particular strategy and not gaining an understanding and knowledge of real estate and real estate investing in general is going to limit the individuals scope and time frame and probably render them unable to recognize the change in market environment.  

You would put the furniture into place during the date where it was available for its intended use, in this case, July 1st.You will likely be eligible to take bonus depreciation at the federal level which will depreciate most of the asset price.There may be some state add-backs as most states do not recognize bonus depreciation.

Hopefully that has language on how to buy out the other, typically if a buyout is not recognized then your best bet would be to sell the asset.