This break has allowed me to spruce up my place with a DIY patio and a planter/screen in the backyard to provide more privacy and outdoor seating area.

The wooden patio on our rental property is on its last leg.

Yea, know that carry forward losses can be used to offset capital gains, however since for some people the ordinary tax rates are much higher up to 43.4%, and the current capital gains max is 23%, by using the carry forward offset to capital gains its only about half as effective.And as I talked about in Bigger Pockets Podcast #82, capital gains tax for the most part is a tax on inflations. 

Profit and Loss Statement for 2023 (Projected) IncomeRental Related Income: $1,227,954Merchandise Sale: $1,840U-Haul Income: $2,136Total Income: $1,231,930ExpensesSalary-Wages: $138,900Payroll Processing Fees: $1,282Contractor (Sub) Fees-GP: $127,116Contract Labor: $419Payroll Taxes Expense: $10,699Interest Expense (Included in Debt Service): $12,151Other Operating Expenses: $285,059Total Operating Expenses (Excluding Debt Service): $575,626Annual Debt Service (Principal + Interest): $641,580Total ExpensesTotal Expenses (Operating Expenses + Debt Service): $1,217,206Net Income CalculationNet Ordinary Income (Total Income - Total Expenses): $14,724Loan Details - Based on $8,200,000 Purchase price & 15% DownTotal Loan Amount: $6,952,400 First Mortgage: $4,139,125 @ 8% InterestSecond Mortgage: $2,813,275 @ 7.02% InterestEstimated Monthly Debt Service: $53,465Can provide a more detailed list of expenses but lumped most under operating expenses.

If they issue a K-1 and its taxed at ordinary income then what tax bracket are you in?

Some units will have options for balconies, or patios on the ground floor, and a second bathroom, Church said.While there are adaptive reuse projects in the area, Church said Chronicle Mill will cater to a new demographic not yet reached in Gaston County.

You can get them for little more than ordinary fixtures and they add appeal.  

I've only ever purchased in Texas, so I honestly didn't realize the option idea was out of the ordinary.  

Neither tenant should have exclusive use to a common lawn, driveway, hallway, patio etc if those amenities are shared with other tenants.

You don't want to be labeled as such, because If you do get labeled by them as flipper or wholesaler you'd loose the Tax Favored Capital Gains rate and pay ordinary income and self employed tax and all. one of the reasons Real Estate is attractive is for its tax favorite treatments by the IRS. attached is a link to Intuit tax forum discussing this very issue. https://ttlc.intuit.com/questions/2586637-i-invest...