How do I send a screenshot here ?

You should do all the same level of due diligence you otherwise would to buy the property. 

Are you still considering building more of a portfolio or are you happy with where you're at and you just wanna pay off the debt?

I'll add on to what the other Ben said and mention that there are exceptions based on the # of days that you rent out your home to where the income/expenses are excludable (being lesser of 14 days or 10% of total usage if under 140 personal use days).

I have a 2,500sf home in Delavan, WI with lake access to Delavan Lake.

When a lawsuit is started, there is something called the complaint.

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

My clients can "force appreciate" the value of the property by doing a quality rehab for a lower than market cost because they are very good at spotting "diamonds in the rough".

However I am not sure its the best investment strategy for someone who is just getting started.

So hopefully he won't be able to start any company again.