With that treatment, you may receive a step up in basis for one-half of the property when a spouse dies.

The losses could be used against other sources of passive income and that is it.If it is a standard self storage model, and thus treated as rental income, then in order to get anything other than passive treatment you would needs REPS status. 

Of course this would mean newer investors would get preferential treatment which would make current LPs unhappy

He was sore everywhere. 

My investors are normally other real estate investors who want a better deal, with better treatment, cause no one should be reduced to being a faceless number unless they want to be.

It overrides the 1231 treatment you are arriving at. 

I am worried that if I do not completely remodel the guest bathroom, it’s going to date the entire home and be an eye sore (mainly the abundance of green).

Good luck with your assumptions, imagination and your sore shoulder from patting yourself on the back for being so omniscient.

  $6k deductible and no treatment (substance abuse) or pregnancy is covered for less than $500/mo.

And they are sore losers.