Reason being, I would like to separate the tax implications from the different types of income.

Given how much equity you have in the property and that if you sell it now vs 5 years down the road, the tax implications are different; I'd sell it and use it to buy either another single family rental (in addition to your primary residence) or a duplex in Minnesota.

If this happens you may NOT get keys at that time and will have to wait until the loan funds and the Closing Attorney receives the funds.What to check the day before closing16 Call the closing agent to confirm the date and location of the closing17 Request a preliminary or final closing statement if there is one18 Review closing figures for any mistakes19 Confirm insurance, deeds, trust deeds, and mortgage documents are correct20 You should do a “Final Walk Through” of the property you are purchasing within 24 hours before closing to confirm the property is in the same condition that it was in when you agreed to purchase the property and that all inspection required repairs have been completed.After Closing21 Check property insurance (check policy documents, billing and auto-pay22 Confirm addition to Umbrella policy insurance23 Check on Title Registration, Taxes, Insurance and Home Warranty - 30 days after closing24 If leasing, then set up a "Landlord" account which defaults to you to avoid hooking up utilities fees between tenantsIf you are taking over tenants, during option period also:Check public records for any liens against property and/or ownerCheck owner on social websitesCheck public records for any liens against tenant (once application is received)Check tenant on social websites (once application is received)"Receive and carefully review the following documents: - the tenant's application - a copy of the current lease - How well does it align with yours and when does it expire?

An attorney will need to get involved and run it by your CPA to confirm tax implications.

She’s topped out but makes $100k with zero income tax or social security taxes and a pension that can’t be beat. 

For High school kids you can search them on social media to see how much of an issue they will be.

Ask your parents to put your name and social security number on a credit card and charge and pay that bill religiously.By the time you are 20 depending on where you buy you will have enough money saved up and your credit will be good.Once that is in place your the process is very straight forward as far as getting preapproved for a loan and buying a house and renting it out.  

I'm about to embark on a lead gen campaign (direct mail + social media and Google ads). 

Seller • Self-Directed IRA Holders • 1031 Exchangers • Buyers at Real Estate Auctions • Real Estate Clubs • Past Sellers • Past Brokers • CPA and Attorney Referrals • Hedge Funds • Social Media.

Cooperation isn't always what it's cracked up to be In the Monopoly Socialism game players move around the board working together to make a better community by managing and contributing to projects such as a no-tip vegan restaurant, an all-winners school, or a museum of co-creation.