For someone looking for diversification or steady long-term growth without getting too hands-on, your suggestion of buying and upgrading a rental property in a familiar and appreciating area makes a lot of sense.

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.

Would you mind sharing your professional opinion on which of these kitchen designs would sell better?

@Daniel MadhavapallilYou should hire a tax professional. 

I was tired of fighting with Nathan about how I wanted to grow the business.

Right now, I'm working with a team that helps find off market properties for investors which has been a great way to dive in and connect with experience professionals in the industry.

Readers should seek professional advice.

Audrey - Dave might disagree or add more context, but I think that predicting 5-year rent growth is a bit like forecasting the stock market 5 years from now. 

Best of luck, but again, I suggest hiring a professional. 

Posts like this are part of my journey to learn, network & connect with experienced professionals like yourself who have valuable insights to share.I also want to apologize for the late response—it’s been a busy few days, but I didn’t want to miss the chance to thank you for your input.Looking forward to learning & growing in this space & who knows, maybe one day I’ll be offering you in on an investment idea or I'll be the one offering advice to new investors!