So while this poll is interesting it’s not going to be representing the broader population.For the ordinary folks who are not home owners and investors, the story might be different depending on where you stack up on the income and career scale.

(b) As used in this section, “security” means any payment, fee, deposit, or charge, including, but not limited to, any payment, fee, deposit, or charge, except as provided in Section 1950.6, that is imposed at the beginning of the tenancy to be used to reimburse the landlord for costs associated with processing a new tenant or that is imposed as an advance payment of rent, used or to be used for any purpose, including, but not limited to, any of the following:(1) The compensation of a landlord for a tenant’s default in the payment of rent.(2) The repair of damages to the premises, exclusive of ordinary wear and tear, caused by the tenant or by a guest or licensee of the tenant.(3) The cleaning of the premises upon termination of the tenancy necessary to return the unit to the same level of cleanliness it was in at the inception of the tenancy.

I am hoarding respirators, nitrile gloves, Tyvek suits, AK-47s, and a million rounds of ammo, waiting for the height of the pandemic when the gubmint quarantines and  locks cities down, leaving the sheepeople,  excuse me, ordinary citizens, defenseless.

@Anne Williams go about ur ordinary business and crunch ur numbers.

I am not a CPA however, you are looking at being taxed at your marginal tax rate (ordinary income).You should consult a CPA or tax attorney as there is one way I know of around that.

I want any opinions of Stefan Aarnio and his book "self-made - 5 secrets that transform ordinary people into self made millionaires".A little backstory, I went to a local REI group in Winnipeg, Manitoba, Canada and he was the host of the event. 

Ifthe need for repair is a result of damage done by Tenant and/or their guests,and not that of ordinary wear and tear, Tenant agrees to pay for the repair.  

If I present you with a line up of 5 Brits and 5 poles, and you can tell me who is who accurately, good on ya.

@David StelzerAnd you still will… profits from wholesome and flips are taxed as ordinary, active income.  

Diversification is key, so I max out my 401k to the company match, and spend all my ordinary income savings on REI.