The last 10% I've been working on the last two years.This week I'm building a stained concrete patio with a black stained pergola out back...last projectCan't wait to do it all over again soon!

The advantage in private over a REIT is that you maintain the tax advantage of depreciation whereas a REIT income is taxed as ordinary income.

For example:Capital contribution split 75%/25%100K total profit for the yearEach partner intends to pay themselves 50% ordinary income subject to SE taxes and 50% as a distribution.Ideally each partner would have 25K salary 25K distribution.

., and even in parks they usually have a patio or small yard.In some areas, such as southern California, there are manufactured homes in parks that sell for hundreds of thousands of dollars, and some for a million, thanks to the ocean views, or proximity to the ocean.

The build rate of Senior/single story 'patio housing' here is exponential given the weather, taxes & build/operating costs.

You'll pay your normal tax rate on flips, as it's ordinary income.

The Fred Factor..Mark Sanborn...read it about twice a year..Basically about having passion in your everyday life...turning the ordinary into the EXTRAORDINARY..3.

.- How It Works - If you are active in your rental real estate activities you may be able to deduct up to $25,000 of your rental losses against other ordinary income.

You have ordinary income.

., patios, decks and terraces that improve the value of the property equal to the dollar amount spent on the improvements or required to preserve the property from erosion).