It is also good for landlords to be flexible when faced with out of the ordinary circumstances and letting a person terminate a lease early without penalty is certainly an option.

If we had an active business (i.e. property management) in the foreign country then that money we understand would not have to be repatriated, but if you did taxes would have to be paid at your ordinary income level, but you would be able to take advantage of the foreign income exclusion on that money.

This means that, yes, they can work something out with the neighbor (family or not) to come in and out of the home in order to handle any ordinary business that may need to be done.

The book is about ow to do the business....taxes are a given and vary by situation.But, flip profits are Not cap gains, they are ordinary income also subject to self employment tax. 

I currently live in California.Yes, Muncie has some problems, but nothing well out of the ordinary for mid-sized cities surrounding Indianapolis.    

This is likely an unrealistic example but it demonstrates how selling your interest in the LLP can affect you tax wise.When you sell an interest in a LLP, you may have to recognize ordinary income regardless of how long you have held the units.

or is it Ordinary income.

When/If you sell you do pay depreciation recapture- this is NOT at LT capital gains rates, It's actually at ordinary income tax rates (but caps at 25%). 

The bit of good news is that while the tax on unrecaptured depreciation is at your ordinary rate that rate is capped at 25%. 

If you haven’t had it for a year -long term capital gains will not be in effect if you sold it already you will pay ordinary income on profit above the basis in your property.