Exception being, I'm adding pools to mine. 

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Pretty much the same except you don't own it and would need consent to make changes.Also the owner gets all the tax benefits as they are the owner. 

It does not cost the landlord except for the labor and materials.

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

There is no communication except for an irrelevant biweekly blog that holds no value to me.  

Today you emailed Investor Relations asking us to make an exception in exchange for you to remove your reviews. 

Meals, on the other hand, are only 50% deductible, with some exceptions.

Im also trying to be very careful and diplomatic because she is otherwise a dream tenant ( except for issue off course).

Numbers always look good on paper but between holding costs when acquiring and renovating property, closing costs on can also add up.I am not saying it cannot be done, as I did it with about 75 loans in a very similar fashion (except I was buying NPL's and got them reperforming).