You could enclose the front half, and leave the back open as a covered patio/Enclosing part of it would also add to the sq footage, so you may get some money out of it as well. 

Ideally, it gets preferential treatment (LT), and at worst it is taxed at the same rate as your ordinary income!

But I did all new appliances, granite countertops everywhere, stained cement flooring, new doors, electrical box, recessed lighting, big backyard shed, gutters, paver patio etc...you get the idea

You wouldn't pay capital gains tax on a flip, you'd pay ordinary income tax on the profit. 

Real estate investing is the vehicle used to create wealth for more ordinary people than anything else.

It is close to the AJ's where people come with their dogs and sit out on the patio and socialize. 

Bad for us developers but good for those who own property and see prices rise as supply dries up.Lots of macro info there and take all of it with a grain of salt, but hopefully it helps you to get a feel for Eagle as a market separate from the rest of Boise or Meridian.Finally -- if you really are interested in Eagle, we are under construction on two spec patio homes that would fit a rental scenario well.  

Such entity in the ordinary course of its business must be engaged directly in real estate management or development activities.2) Expenses related to the real estate will be paid by the corporation.3) The real estate will not be used for personal use.4) There may be periods of time when the 50% test described in 1(a) above is not satisfied.

We have a tiny patio at our 1/1 and they all remark about how nice it was to have that "bonus" living space. 

Probably not the best solution if there will be a dog out there, but for humans it might be something to consider.https://www.homedepot.com/p/BTMWAY-1-ft-x-1-ft-Square-Interlocking-Acacia-Wood-Quick-Patio-Deck-Tile-Outdoor-Checker-Pattern-Flooring-Tile-10-Per-Box-CXXBN-GI33346W685-Tile01/319917002Good Luck!