He had to treat it as investment. 

Be honest with yourself when you fail and don't treat failure as a commentary about yourself.

I assume they are treated the same as Taxes..2.

This is a once in a lifetime occurrence that will make or break landlords, managers and companies.Attorneys advise that you have to treat every tenant the same.

@Jared WildI treat quarterly at all my properties and I pay for it.

That'll tell you if you have to have an income-restriction (ie more paperwork) on tenants.If not, I'd treat it like a market-rate building,  In any case, get a REAL income & expense and REAL rent roll before you write.

@Kristopher KellyHouse hacking makes your tax situation more complex.You purchased a property that is treated as both an investment property and a personal residence.

Trying to work with my team and treat the business more as a "business"  For processes and checklists, where are you all handling this? 

I am considering adding self-storage to my portfolio, but would actually like to treat this as a business and operate it myself.

., a taxpayer has a negative taxable income), it is better to treat the contribution as nondeductible and thus give the taxpayer basis in the IRA.