This is a super important question and it doesn't just apply to lenders.

My question is, what is the best way to describe this scenario for tax purposes.  

I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in commissions.I’m hoping this group can help me with a few questions:1.

Reach out if you have questions or would like to discuss investing in Las Vegas.

I don't feel there is one answer to this question as every property is different and what are your goals, how much time do you have to manage, what are your strengths when it comes to working the trades, people skills, etc as that will help drive towards your super power. 

Whether it makes to sell the rental or keep it depends on your answers to these questions. the property is producing around $855 after property management fee, I have the same tenant for almost 3 years That's a little over $10k/year in cash flow, which is very strong yield for the price.

@Rick Zink I also wanted to share with you some key questions to ask a lender when you are looking.Are you a direct lender?

The vast majority of BP members really dont know anything about how lending really works but are here to learn with many more asking questions about how to be a lender.. 

- Answer to first question is no.

I'm not sure of your original question either.