Treat it as a mentorship conversation.What other properties does he have?

I've always asked my accountant nicely (the closer to April 15 the nicer I am) if they'd treat the boot as capital gain since I was willing to take some profit out but wanted to still do an exchange so I could avoid depreciation recapture.  4.

Worst thing for me would be the review that says “it was great and I even got to check-in early.”I don’t blame anyone for asking but if I respond like a business, they treat the rest of the stay like a business transaction too.

This woman pays on time, or even early; she also treats the place as her own so it’s very neat and tidy.

Something else to consider overall is the state of New York and how landlords are treated. 

Our clients will be treated with the care and respect they deserve.

In C/D areas you must treat your tenants like children...bad children.By the 2 year mark if your property is paid off your cash flow will be reduced to almost zero due to the rent being eaten by paying for the opportunity value of your equity.

Be prepared to not get paid much for a couple months while you get things going, and then be prepared for the market to change and give you a dry spell.Some common expectations with having a RE license is that you'll work in a professional industry full of professional people that treat this like a business and treat colleagues as such; However that's not really how it goes.  

If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you build a house, then sell it, then spend that money building a second one, but don't sell it until the next year, then sell it, then build another, can you effectively push off the taxes as you are rolling the sale proceeds into new inventory costs / construction costs? 

Many commercial lenders will treat that like a 2 unit.