It's crucial to distinguish this from gross income, which doesn't factor in expenses.

The question is; is there anything in your agreement that distinguishes between rent and "Fees" regarding how the manager is paid?

In Baselane, I can categorize rental payments to distinguish between short- and mid-term rental payments automatically.

Moreover, "[v]olitional unwillingness, as distinguished from good faith inability, to meet contractual obligations furnishes neither a ground for cancellation of the contract nor a defense against its specific performance" (Meisels v 1295 Union Equities Corp., 306 AD2d 144, 145 [2003]).  

@Isaiah MooreI definitely agree with @Jonathan Greene about adding  more of a personal touch to help distinguish yourself from other investors.

He'd need to be a real estate professional and materially participate in the ministorage business to make real estate losses nonpassive.I've never heard a CPA distinguish between REPS status and REPS without active participation. 

A plethora of legislative acts, court decisions and Service rulings have produced complex and often conflicting guidance with respect to property qualifying for ITC, resulting in no bright-line tests for distinguishing § 1245 property from § 1250 property.

I would place tenants there that know each other so I do not think that splitting utilities will be an issue but how do I distinguish the spaces on the language of the lease when they have the same address?

To assess the risk, the lender will likely require a clear description of the property’s zoning, intended use, and legal structure.As for condominization, it can be one mechanism to distinguish ownership between the two buildings if you want to sell the properties separately in the future.

This further distinguishes your LLC as separate from you.