We all know 'housing affordability' is one of the hottest political topics as of late but I'm not seeing any commitments to increase inventory. 

I looked at my return for you, hope this helps but check with your own CPA.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.

Enter recurring charges and automatic late fees.

It's too late after closing for me to help them, but if they had reached out before I could have easily prevented that situation for them.

The state has had perpetual drought since I was a kid.I know you won’t do it, but read the UNFCCC exec summary from the Kyoto Protocol written in the late 90s and specifically hone in on forecasts related to water scarcity and desertification.

. - Consistent Payments: The rent portion covered by the housing program is guaranteed and paid on time, reducing the risk of late payments.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

Is your highest priority immediate cash flow or would you rather have an investment that may give you a greater return but it may take a couple of years?

This is one often forgotten before it's too late.

If you want low, safe returns that are truly passive, invest in the stock market.  

There are some exceptions, but the HOA dues normally kill your returns and there are all kinds of other issues having tenants living close together.