Because that is actually how we communicate with the IRS - only through our tax returns (until audited of course. 

Thank you for sharing your knowledge with me (and a little piece of SLC).

Thats the key, with out knowing all of this then its just a shot in the dark or having bits and pieces of info and trying to solve the financial freedom equation with out the full "picture."

I got a Heloc to buy a piece of property at the first of the year, 5.99%.

I'm thinking about outsourcing the maintenance response piece to either Latchel or SuperTenders.

I don’t know why we didn’t get that vital piece of info in our initial meeting.So my wife and I are extremely relieved .She says she will stay on as a courtesy and if things come up it will just be an “ hourly “ rate for emergency type situations or basic boots on the ground necessities.We really like her enthusiasm and positivity and she is great at communicating and seems  sincerely empathetic to our situation.

PM is a big piece, hopefully it rents quick and you can do it again 

If it was an amazing piece of property and/or if I offered seller financing with great terms and I marketed it well, it could sell in 1 - 3 months.I'm not sure if we're heading into another 2009, because that was a very extreme downturn, but over the past few years, most people I know have been offering a minimum of 40% of market value for land right, with many of them going even higher.

The other thing I noticed is their last audited financials are in 2021 (submitted in 2022) and they did not file any 2022 audited financials or their 1-SA in 2023.

You can get the best of both worlds on cash flow and appreciation by doing short term rentals once you move out, or by doing a house hack, where you rent out an ADU or separated basement rental on short term rental platforms while living in the other piece of your house.