Financing and capital gains are two mutually distinct issues.  

I also have pictures of the area I fixed on the roof after the inspection, and after the winds, all of my shingles were distinctly still there, which I have pictures of as well.

Capital gains is not a form of income per se, but a simply defines how your portfolio income will be taxed; Portfolio income is not subject to self employment tax but may be subject to net investment income (NII) tax; It’s important to understand that the IRS views portfolio income as distinctly different from passive income, even though it is popularly considered to be “passive.”

The fact is the government agencies don't make any distinctions.

Are the tenants taking showers two and three times a day and running these so long that they're running out of hot water each time, steaming the place up like a Turkish bath house? 

I distinctly remember telling the company I switched to that I did not want this to be a Roth or to have any kind of taxable event.Well they switched it into a Roth anyway, and I missed it.

Because the area has 2 or 3 distinctly different areas, you'll need to be a little more specific than zip code.

That being said, I would like to point out that I feel there's a distinction between low-income tenants and welfare abusers.

I agree also with the following distinctions~*We always invest for cashflow, never speculation although one of our exit strategies might be to sell if we've miscalculated elsewhere so there must be enough meat on the bones to sell even in a down market if necessary*During times of general appreciation, it can be harder to find properties that CF well-- so buying volume can be low and s-l-o-w.

@Dmitriy Fomichenko, I would appreciate your input on these, thx.Jeff, IRA and 401k are two distinct retirement plans.