I have had unique privilege of specifically selling vacation real estate in Galveston due to the fact that I Have managed  over 50 short term rentals. 

I recognize the extensive privilege given to me by the facts of my birth and not any sort of merit, and I see opportunities to use that privilege to successfully do business.

If you reinvested the cash returns into an additional deal every 3-5 years, while also allocating even more additional personal capital each year, the compounded cash flow 10-20 years down the road, once you now have 5,10,15 different investments, looks very solid.

Can I pull out the carpet and lay self leveling compound on top of that 1” something?

@Peter O'Bryan, Regardless of your decision there are two very important factors to consider now that can compound your return.1. as @Travis Sperr alluded to, the first 250K  (500K if married) of gain is tax free if you've lived in that house for 2 out of the last 5 years.  

I just focus on sustainable ROI, since compounding interest/ROI is the name of the game for true wealth generation!  

Do you get reports of it.Do you get reports and how often.Do you let the Pm have control of the account and writing privileges?

However, I believe that the Alabama Business Privilege tax must still be paid and I do not know a way of filing it without filing form 1065 and going through the whole process of a federal return.

With an IUL you earn compounding interest on your money and can also pull a certain amount of money per year tax free, the easiest way is taking out a loan on your policy (which never has to be repaid, because it's your money anyway).

The concentration of these people in C-U is compounding: C-U feels more cosmopolitan while surrounding areas feel more strange to outsiders.