- I realize that this maneuver will likely increase the risk of audit....curious to get a sense of how much more risk of audit I will face and does the IRS typically just audit the one year or would they dig into previous years as well?

Reputable full service contractors are hard to find.

For one tenant we provided lawn service and added that to the rent along with snow removal. 

Area has mix of older retail strips, motels, banks, gas stations, some QSR, a few independent restaurants, services (barber shops, etc.), and retail, warehouses, factories, and a business incubator for entrepreneurs. 

This applies to properties used for the production of income, such as rental properties.However, if you initially declared your property as an STR (which typically falls under different tax rules), you might have been using a depreciation period of 39 years, which is common for non-residential property or property used for personal purposes.When you convert your property from STR to LTR, it's considered a change in use for tax purposes, and you would adjust your depreciation schedule accordingly.

Hey Rose, its trying to remove the property because it thinks you haven't "placed it in service".

I am still running the show for FlipperForce and will continue to be heavily involved in working on the product vision.By joining Fund That Flip which is a leading nationwide lender for real estate deals we will have more resources to invest in our software platform and improve our product and services for our customers. 

@Leo Gregoire, a typical first step after you are situated with your brokerage would be to reach out to your "sphere of influence".

In this instance, just go address it And in the future, don't let this happen.For your vacation rentals, make sure there's a system in place where when any service is done there's photo proof, a timestamp, property manager digitally acknowledges, and a physical receipt there.

Typically, borrower cash outlays amount to a minimum of 10% of the loan amount for purchases (sometimes less for refinance loans).