@Hong Zhu most likely schedule E, although we routinely review returns that are incorrect.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I would be curious to know how many fairly seasoned flippers routinely find 70% deals. 

And then the rest are all seniors who wouldn’t ever even consider paying online and their checks are always on time every month because most have rented their whole lives and know the routine.

I opted out and decided to stick with my routine and trust the process.

Cities are routinely requiring inspections of all sewer lines as part of the sale of all houses. 

It's a tricky detail, and should be one of the things that you keep on top of during routine maintenance.

Ejectments pretty routine by Greg Deitsch at Sirote.

I am not shy about it on BP and routinely point out the differences between Turnkey promotional companies earning referrals and Turnkey operating companies who earn on the goods and services they provide.What you described in your question is different than most turnkey promoters and different than rent to retirement. 

According to my research a capital asset is:The IRS indicates what constitutes a real property capital improvement as follows:Fixing a defect or design flawCreating an addition, physical enlargement or expansionCreating an increase in capacity, productivity or efficiencyRebuilding property after the end of its economic useful lifeReplacing a major component or structural part of the propertyAdapting property to a new or different useA repair is as follows:Improvements that "keep" property in efficient operating conditionRestores the property to its previous conditionProtects the underlying property through routine maintenanceIncidental Repair to propertyReference is http://www.dbbllc.com/newsletters/focus/mar2012/irs-clarifies-capital-improvement-vs-repair-expenseNext time I will rent a small excavator, dig my own hole, and put on a Fernco.