Since it is nearing the end of the tenancy, I agree it would be best to wait and settle up later.Another approach is to designate how payments will be applied and to establish this from the beginning in the lease, such as:"PAYMENTS. 

But profits are also subject to Self Employment taxes, so there's plusses and minuses to both methods.The issue with taxes is that it is both an art and a science to maximize tax savings and balance other needs and it's really important to sit with a knowledgeable CPA and talk about your specific situation (not your friend's, not somebody else on BP, not your mentor) and have them help you design a tax plan built for you.  

Because I enjoy the planning and coordination, I enjoy design and building, I want to be out in the field often, and I believe I'd excel at it.

We concentrate on areas outside of Flint and Detroit, such as Washtenaw and Livingston counties.  

Cost of lotAny costs associated with getting lot ready to buildAvailability of utilities (if not to the property, cost to install) Design costs (actual design, engineering, etc.)

Many duplexes here are serviced by a single water meter and, by design of the plumbing, difficult to impossible to sub meter.  

My ever-present entrepreneurial spirit had always been accompanied by a love of real estate, architecture and design, so it was inevitable that someday I would begin developing on my own.

However, instead of searching for replacement property on their own, the investor would identify and acquire a fractional interest (tenant-in-common interest) in real estate that the REIT has already designated. 

Depending on the dryer design, something like an errant dryer sheet or sock or scrap of fabric may have escaped the drum and fallen into the air piping in the dryer. 

In Troy, the numbers are a little better and if you can concentrate on RPI students there is a little less wear and tear to the apartments.