Personally, I'd like to see the return of more streamlined processes with the lenders (at least more so than they are now!). 

Current CPA says you can form an LLC and take any losses as a K1 loss on your personal taxes. 

For materials and/or services for any of my investment properties where the contractor/person does not give me a receipt, I do one of two things:1).

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

With the rental being part of your primary residence, a majority of those activities such as lawncare and maintenance would just count as personal activities anyway.

I, personally, have mixed views on this.  

Hi Sohail, I've got a great commercial lender that I have used personally and my clients have used for various commercial deals.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

I've done both personally. 

If the buyer certifies that they are going to use it as the primary resedence and it has a use and occupancy permit that alows use as a personal residence then I don't see why a lender would not.