Granted the updated price has yet to sink in as those prices change on a second by second basis, but basically its how the stock market works just in real estate its not instant.

If you are deploying large amounts of capital, that spread may be as low as 50 bps (basis points).

Capital gains is the increase over your basis (in essence, what you paid for the investment [basis] and how much you profited upon sale).The money you pay toward you bills, has usually already been taxed somewhere along the line.ALWAYS check with you tax pro.

I'm honest and I make mistakes every day. 

If it’s a rental it will either be an expense or added to the basis. 

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

Bad discs / "disability" but rides a bike every day? 

If someone came to stay as an overnight guest for a weekend they were not concerned. if there were two people sharing a room on a regular basis that are not related then that would put you over the limit in a four-bedroom house. so you get four unrelated people in a four-bedroom house.

Exceptions to that are made on a case by case basis, ie a great long term tenant who has taken great care of the house may get an exception, a mediocre tenant who may not even get a renewal will not get one.  

I can that zillow is generating views close to 10 every day but no contacts so far.How do you approach the situation when there are no comps for your condo?