just purchased an updated three bedroom two bath ranch with two car garage nice back patio with hot tub and although not on Morris reservoir it is only three lots over from a deeded boat dock that the tenants or Airbnb customers would have access to.  

As for closing statement, not out of the ordinary for a PM to ask for that or a deed etc to prove you are the owner.  

With large 401k contributions and the ~$25k rental loss, my ordinary income will be about $21k and with the $10k in gains, total income should be $31k.

It only offsets other capital gains and not ordinary/rental income.

Enjoy the beautiful Charlotte nights under the market lights on the private, fenced patio; or walk to many shopping and dining options in the Ballantyne area.

We still manage our three rentals, and while it's not as fun as drinking beers on a patio, it's well worth the savings.

Outdoor patio with extended roof3. 

We have similar units in Tucson and have found if we can add a private patio space in the back they go for a premium

I strive to change passive income into ordinary earned income as little as possible.

Rental income is just that and will flow through onto your return as such.Are you doing other property management or earning other ordinary (not rental) income through the business?