This would be my first investment property so I have a few questions.1.How long is the process to get approved for section 8.2.With the selection process am I able to go through the same steps as I would to select ordinary tenant.3.Are most people actually getting an inspection every year like it states on the website.4.

I read somewhere that depreciation recapture tax will be based on my ordinary income tax bracket.

If so, then it is not capital gain at all, but ordinary income.

I'm just an "ordinary joe" :)

Instead, you book the asset and a liability and then reduce the liability each time a lease payment is made.The gain on the flip will come through as either short-term capital gain or ordinary income, depending on how regular, continuous, etc the flipping activity is.

These rates are typically much lower than the ordinary income tax rate.4 days ago

Your tenants complaints don't seem too out of the ordinary.

BRRRR- Reno the second floor unit (it's only a 1 br), but has a huge attic (that's connected to it) that can be turned into a second (huge) BR. It

I now manage it but in 2019, it was managed by others or a hybrid type management with me doing some things/they do some things.I didn't realized that it mattered about the manager, I thought it was treated as ordinary income regardless.

It's not clear to me if this is actually considered to "materially affect physical health or safety of an ordinary tenant" per 92.052(3)(A).