Two of my favorite topics.Good read from the IMF about it here for junkies: https://www.imf.org/external/pubs/ft/fandd/2012/09/basics.ht...Many people, until they take the time to consider it, think of money as mostly a mathematical thing.  

It said that because of historically disproportionate arrest and prosecution of people of color on drug crimes, with harsher mandatory sentences, relying SOLELY on criminal history as a disqualification for housing violated the Fair Housing laws.  

I don't mind short term rentals being regulated due to neighborhood externalities -- traffic, noise, parties, too many people, that sort of thing.

The sheetrock and finishes in this room, and two others, were so saturated with smoke residue that we gutted back to the studs (even removing cellulose insulation that was in the external wall cavities) and refinished.

Full new french drain system seaked walls and all moisture fixed with all bells whistles protections typically $6k in my area.start with  obvious external then work in. 1.

So we try and work with renters like that and try to help them out to avoid the harsher penalties the lease calls for where we can.

Titled the “More Homes on the Market Act” (H.R. 9015(link is external)), the legislation would double the capital gains exclusion for sales of principal residences from $250,000 to $500,000 for single filers and from $500,000 to $1 million for married couples filing a joint tax return, and also index these amounts for future inflation.

@Jim S.If you have large excess cash flow you should really think about adding an investment advisor and tax CPA as external partners to your team.REIT dividends are portfolio income. 

As per my understanding, the external basis of the partner in the fund is zero (assuming no other debt) at the time of fund setup.

Wanted to post a couple images of the space I'm dealing with.Once you descend the stairs from the external cellar door, you enter another (shabby wooden) door leading to the first segment of hallway.