For him, this would take the form of converting the currency into crypto (Bitcoins and such) and holding them in that form while they appreciate in value, then returning the tenants' deposits upon their departure and keeping the excess value for himself. 

My standard form asks for this information, but on more than one occasion, i've been asked by prospective tenants if they have to provide it before they are selected in the event they provide it and then later are rejected (or someone else is chosen)?

If you took less depreciation than you could have under the method chosen, decrease the basis by the amount you could have taken under that method.

My PMs have been chosen by word of mouth recommendation from other investors.  

Is there a particular reason you have chosen Lansing/East Lansing to invest in?

We have two kids, so side hustling with two kids under 4 isn't fair to them (that's the priority we have chosen).

And we have chosen to plant our roots and do all this in the most dangerous city in America, Rockford Illinois.

@Alex Knights,If you feel confident that the reason you weren't chosen was because of the picture, then definitely go see if a lawyer will work on it for pro bono.   

If you like risk buy a bunch of crypto. :).

@Cynthia Dockens my advice to anyone is to take out a loan from the 401k or take it all completely out (paying taxes on the second case, not the first) and buy real estate/crypto/pot stocks/tech stocks or stocks that pay you dividends.