All of the properties not only got increased equity through the BRRRR but appreciated so we could use the equity to buy the subsequent buildings.   

Whether you are Schedule E or Schedule C, you have very distinct set of income calculations and subsequent allowable add-backs.

Prices are high in the Spring and slide into the fall as school ramps up.

In that case, the series of transactions would be viewed as a sale to an agent and a subsequent transfer to the principal, and the tax liability would be identical to the liability in Scenario #2c.

I guess it depends on how many you have and how much income the ones you have are generating.I really think you need to look at reserves as a sliding scale.If you own between 1 to 5 - I think you need about 5k per house.Between 6 to 10 - About 3,500 per house (i.e. 20k for 6 houses is good, 35k for 10 houses is fair).Between 11 to 15 - 3k per houseAnd 16 to 20 - 40k in the bank should be sufficient.20 or more - 50k should do it.That also assumes that you should net about 200 to 300 per house or more on average.So technically, if you have 20 houses, you should be making about 4 to 6k net profit (after vacancies and basic repairs).

Have you seen success from your subsequent mailings?

I'd like to slide in on the spreadsheet if possible

Keep in mind, that if it tests positive by a certified tester, they are required to report it to the health department and they will subsequently list it and require a formal decontamination process. 

It is much better placed on the right side of the post closer to the browser sliding bar, so as to make voting and then scrolling, or vice versa easier.

These high-density centers have subsequently degraded into government-subsidized low-income ghettos.Oh, and don't forget the municipal revenue enhancement opportunities as hundreds of drunk students drive back from the bars past police checkpoints.