Thank you for the great feedback thus far Account ClosedTo provide more context, I'm a federal employee and the promotion would be from GS12 to GS13, so after 1 to 2 years, I would be eligible for GS14, or at least make it easier to compete for GS13s outside of D.C.

The more money you make, the higher your next dollar will be taxed(the federal tax rate is capped at 37% in 2018).If you are reporting income on your rental business - it would be added to your other income(W-2) and you would have an overall higher effective tax rate.

@Adriana Torres-rendon You may want to check with the government entity in charge of titling manufactured homes in your area.

A Federal Tax Lien against one spouse, though, will attach to the property even if title is held as tenants by the entireties. 

@Brad JacobsonIf you obtain income for referral - you will be issued a 1099.The net income(gross after expenses) will be subject to federal tax, state taxes and self-employment taxes.Expenses that are deductible are ordinary and necessary expenses required to obtain new recruits.Renatus may issue some tax and legal strategies...but I am sure those are the same items that you can obtain here on BP for free.

While you can’t fully predict interest rate trends, you should pay attention to the Federal Reserve if you want to get an idea on those trends over the coming years.With the new tax laws, using a HELOC for that purpose is no longer eligible for a tax break.

At first, they said they would move to live with their children, then they said they would move to a mobile home, yesterday, they were crying to my property manager, they want to stay 2 more days until some government facility would take them.

Very sad that children can't have a swingset because of government bureaucracy.

You likely should not have had to pay any federal or state income tax based on the numbers you are providing.

I am interested in moving out and renting out the unit for extra income.Currently, our building has no rental restrictions in the governing documents but all 4 units are owner occupied.