I would also let the responsible tenant know that every adult has to pass a criminal background check and send him the link to pass on to his roommates.  

However, the number still have to work and with short-term vacation rentals, there is always a chance that the city will pass a new code that prohibits it.

I can't believe this would pass a code requirement but I am not sure how to find out. 

I am struggling to determine if I should pass a tax JE just for tax return - to equalize basis or submit the tax return with inequal basis and have the shareholders equalize for 2021.

I'm not sure you could stipulate that units would pass a Section 8 inspection just because no one would likely do an inspection on the units during your inspection period.

There's a joke where two economists are walking down the sidewalk when they pass a $20 bill.

To get your license you have to go through a 90 hours course, pass a test at the school where you took the class and then take the estate exam.

.- if you instead show net income from the K-1 in box one - you can be given credit for this income but only if your business returns pass a solvency test.

They are: verifiable income of $4,650 per month, good reference for previous housing history, pass a credit check, a clean criminal record, and no previous evictions.

@Eamonn McElroy - okay, I'll have my CPA translate that for me ;-)Our rental portfolio is definitley run and set up as a business and would pass a bright line test.We will definitley will be running different entity scenarios for 2019 to see which one works best in the new tax environment, but I am past the point where I understand all the nuts and bolts my CPA is talking about..