(2) It sounds like by default IRS thinks its a partnership (hence reference to 1065 in the EIN letter) - do we need to get this classification corrected?

In this article we'll show you how your classification could make a big difference in the number of tax breaks you get.



There is also a classification of investor on this site called a wholesaler, but this function is more involved than just finding a deal.

Unlike wind, fire and flooding events that can and have wiped out entire communities “Earthquakes” can and usually do give you a second chance if proper and preventative measures are implemented.Next to loss of life and personal injury the biggest tragedy and challenge in the aftermath of any disaster is total loss of the use of your home aka "Displacement"There are three levels of classifications your home may be subjected to if it is damaged in an“Earthquake” as well as many other types of disasters.

An LLC is not a Federal classification. 

D class? If

“Wetlands” is not a type of zoning classification.....it’s a determination made by other agencies.  

Mostly set back issues, property needs to be subdivided and the property has two separate zoning classifications currently.Structure of the deal would be me as boots on the ground running the facility, managing the expansions and marketing to keep people coming in.

Like others have mentioned, It depends on location and asset class. If

I’m investing in the WRONG asset class if people are paying $1000 rent to live in a shed!