It'll strictly be non-owner occupied?

I’m about to do a non-renewal on one tenant that is smoking cigarettes inside and the tenant smoking the weed.

I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income. 

Indeed, the FAIR ordinance is anything but fair to non-corporate landlords, seemingly punished for investing in rental houses to generate income as an alternative to stocks and bonds.A handful of opportunists likely could learn to exploit these new rules, preying on otherwise law-abiding landlords to obtain legalized shake-down payments.

This should be a non-issue.

The gist of it is that when you dispose of your entire interest in a passive activity in a fully taxable (as opposed to a tax-deferred) transaction to a non-related party, i.e., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted. 

I don't want to work all my life, and have nothing to show for it other than dying with a bigger bank account than most people.Having a modest level of financial independence provides, perhaps, the least amount of clarity compared to either having non at all or being super wealthy. 

I'm new to this space and would love to connect with you to learn how to work with ALE.

Take a look a look at the RPAWi. org, which is our local non-profit landlord association located in Milwaukee.

I’m POSITIVE you aren’t saying they are reporting non-payment when you are paying.