We certainly hope there are readers, we have a pretty good reputation with our owners and investors and always encourage them to read our posts, which is why we go as far as posting a link on our management webpage directly to our posts.

I.e. you can only use 3 out of the 7 material participation tests to qualify the group.There is nuance involved and I would highly encourage you to have a deep conversation with your CPA before you start making business decisions surrounding this. 

He has been renting it without a lease to this point buy I am encouraging him to have them sign a proper lease. 

Not a hard and fast rule, but a noteworthy observation from someone who has a large book of business.Your accountant is blowing smoke on that last part S corp compensation is a HUGE audit area and especially with the new 199a becuase people are manipulating it since the calculation interacts with that 199a deduction too.

It is not uncommon to see re-painted and re-floored homes in my area still have this smell and the only two paths I have heard success stories with to remedy it are:- repaint with an appropriate primer (meant for heavy indoor smoke remediation)- ozonationThe hoarder cleanup crew I got to interact with recently sung the praises of the ozonation process in their service and told me that they actually have to go back and add lemony scent after the fact because the smells . . .

@Waverly Rennie thank you for this response, it is very encouraging!

That's like encouraging manufacturers to make bigger and bulkier packaging so that we can say we are recycling more.Leverage has power, no doubt about it.

It’s very encouraging!

If nothing else, you'll learn something and be encouraged to look to the future cuz life goes by really really fast, and you want to be ready. 

And rents are likely to remain stuck in neutral during the early part of the year.”However, there are some encouraging signs for those invested in the rental market.