The icing on top of these joys - to the extent the property is depreciable in the hands of the recipient - it is an ORDINARY gain, and not a capital gain. 

Rental properties and investments accomplish the wealth build... and if they also offer a tax benefit that is just icing on the wealth cake.Build wealth!

The icing on the cake was that this property is being sold with 3 additional lots on the ridge, all three with incredible views of downtown Chattanooga.  

I could sure go for some Ono Ono Shave Ice right now.

I only do commercial real estate these days.If people think agents do not look at commissions then I have an expensive ice igloo time share to sell you in Hawaii..........: )Brokers and agents on the residential side like to espouse ETHICS and that they are a REALTOR.

I currently run a business called Twistee Treat (ice cream shop) and have 3 locations here in Houston.

Snow removal and de icing, require or offer tenant insurance, document applicant refusals or evictions and reasons, require and monitor fire and carbon monoxide alarms, no trespassing signs, tenants only, no subletting, etc etc.  

If your property appreciates in value that's just icing on the cake!

I've considered investing in Yakima myself, and it is definitely  an area where appreciation should not be anything more than icing on the cake; your cash flow numbers need to be able to stand by themselves. 

Anything above that is just icing on the cake if it happens.What the person wanting to live in one unit and rent out the other two has to answer is:1.