It could be rental income, W-2 Income, it could be a gift or an inheritance.

You (and your spouse, if you have one) can each give them (or anyone else, for that matter) gifts up to $14,000 in 2014 without having to file a gift tax return.

As for being a part time plumber or electrician I would not hire them as well but that is because I learned to handle most of those problems via youtube, I must have a gift.

Graduation gift was a down payment for my first property.

We aren't going to quit our day jobs lets just say.What We Need to figure outWe are trying to figure out how to set ourselves up for A. being able to acquire the land gifted to us from my parent in laws with minimal tax/cost to them or us B Being best set up for tax and cashflow on our rental income and the eventual sale of the property.

Probably through a gift deed

I feel 1 month security $ 3200 would cover it as they are the perfect tenants to date.2) some sort of 1 time gift card/wine basket/local store gift3) Offer no rent increase if they lock in and renew for 2 yearsAlways thinking of a Win-Win situation so leaning towards Option #1 as this costs me no money but gives them up to $ 800 that they didn't have.What do you all use as an incentive to keep good tenants ?

Integrity...never compromises on core beliefs...We all bring our own gifts, talents, uniqueness...don't compromise to fit in the box...

To save extra money, purchase a Menards gift card and then purchase the HW heater on the Menards gift card.

Perhaps Aunt Mary gifted the money from the sale of stock to her nephew so he could write a book.