You add on the fact that we see the same 100 billion $ handed over in a circle from one AI company to the next, all reporting it as revenue, the P/E ratio of the S&P500 is over 30 and that makes you wonder where corporate profits are supposed to go from here, inflation eating into consumers spending power - I would say @Collin Hays is right, brace for impact.Fortunatley, residential real estate is a relativley recession proof.

The revenue looks like the following:Football Weekend House Rentals: $32,000 (8 home games × $4,000 per game for full house rental during game weekends)Short-Term Airbnb Rentals: $47,952 (333 non-game days × 48% occupancy × $300 nightly rate for year-round vacation/corporate rentals)Game Day Parking: $9,000 (8 home games × 15 parking spots × $75 per car for tailgaters walking to stadium)Total Annual Gross Revenue: $88,952Looking for input on the following:1.

The costs are heavily run up by the borrower’s ability to take advantage of (1) judicial states foreclosure laws (2) bankruptcy laws (3) we as lenders having to pay taxes/insurance during borrower’s default (4) legal fees we pay to contest BK filings or other delay tactics (5) deterioration in property since loan origination.  

The usual route is to do the study now and file Form 3115 (change in accounting method).

That’s a great time to bring in some strategy help—FL W-2 + FL rental + MI campground/marina is a lot of moving parts.For what you’re describing, I’d look for a CPA who:Works primarily with real estate investors,Has multi-state clients with filing in FL + upper Midwest,Understands campground/marina issues (depreciation, land improvements, sales/occupancy taxes, etc.), andCan meet with you at least once a year purely for planning, not just tax prep.

I only lend to LLCs or corporations, and the property has to be a true investment asset.The reason is once it’s an owner-occupied home, consumer-lending laws kick in, and the compliance requirements are totally different.

File the 3 day first and go from there.

Is the goal to slowly move out of corporate and more to rental properties full time?

The guest has 60 days to file any form of chargeback, which is bogus but another way they can retaliate.

They are typically started out as corporations that once they hit reach reit status will turn into a reit.