Michelle Wang,With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e.

Also, they are local to me.

I currently own a 3-unit multifamily property, and I’m actively looking to expand my portfolio while building meaningful connections with like-minded investors in CT.I’m particularly interested in:Wholesalers: If you’ve got off-market deals, I’d love to hear from you.Creative Financing Opportunities: Subject-to deals and seller financing are right up my alley.Networking and Partnerships: I’m eager to collaborate with other investors who share a passion for creative deal-making and scaling our businesses together.Whether you’re an experienced investor, just starting out, or anywhere in between, let’s connect!

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

He became a contractor, worked hard, and grew a successful business that produced a lot of money.

I put my money where my mouth is and I am also buying properties in localities where I am selling to my investor clients. 

My local REI buddy called today.  

I am a local Realtor and I work with an amazing team of lenders, title companies, and contractors.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

Local credit union.