They told me no tax returns and its financial statement based lending on commercial side, curious if they need to be done by CPA?

I base my answer on their needs/wants and expectations.

The rate and terms you received on your loan are based on how the lender underwrote your occupancy.

How much debt are you taking on and will you use your degree?

I also raised my prices to a base of 150 from a 120 and my minimum is now 120 a night.I cash flow a great amount but should I try and get more?  

The 7-8% lenders earn is on debt, while that condo is earning the same on equity.

Pricing - most bookkeepers I know are transitioning to flat rate pricing that includes software costs, based on the complication/volume of your business(es).

Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.

But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.

Disclaimer: The views expressed in this blog post are based on current market trends and are solely the opinion of the author.