@Daniel DietzYour analysis is in the right direction, but not quite there.1) Determine the debt financing ratio - in this case .602) 60% of the gross income is then looked at by UDFI3) 60% of all deductible expenses are applied, so 60% of straight-line depreciation, 60% of the interest on the note, 60% of property taxes, etc.4) $1000 exemption applies5) The net amount after deductions and exemptions is then taxable to the IRA, and the trust tax table is used to determine the tax amount.Even if you have a negative UDFI liability, it can be worth filing the 990-T in case you can carry that loss forward to future years.We have a UDFI calculator on our website and if you PM me, I can send a link to you (BP does not want me posting that outside content on their forums).

Meds and eds are taking over and building over half a billion dollars in medical schools and facilities.

I work at a VA Medical Center so I'm well aware of what he gets each month (tax free). 

To answer your question- MMJ just means "medical marijuana".

Big drivers are the hospital/healthcare presence between Sentara, Eastern Va Medical School, and the children's hospital, also easy commuting to downtown Norfolk for banking and legal, AND you're a stones throw away from the largest college in the area, Old Dominion University.

I heard that there might be a sale tax exemption program when purchasing renovation materials and etc.

He's a self-employed handyman and I am rather concerned he won't be able to make rent for long with no income.Maybe he can cover this month's rent, but I'm guessing he's about to be unemployed and crushed with medical bills.He knows he has a big rent hike coming, so we've briefly discussed an exit strategy (before he got sick).

Oh yea, I am 60 years old and I found BP about a year ago wile recovering from a medical thing.Do not try to do everything yourself.  

If so then they should qualify for a partial primary residence exemption under sec 121.  

As an owner-occupant, you may get homestead exemptions and/or others.Again, your financial professional will be your best resource.