I think alot of the answer depends on your intent when purchasing the original property and numerous other factors as outlined in this article;Forbes Article on Cap Gains vs IncomeI would recommend getting a trusted tax advisor involved sooner rather than later. 

Amit, I have done numerous frame work.

You have to be careful about this throughout the City of Indianapolis, but I have seen it specifically in this neighborhood on numerous occasions.

Here's another suggestion that I have forgot to mention numerous times previously. 

Hey Justin,  I sent you a invite to connect!  

Go on their site and request an invite you'll get one probably.

They will usually list numerous places and you should be able to get a good sense of the market.

He's been warned by the landlady and the police, numerous times, to leave me be, and has yet to do so. 

I appreciate the invitation!

Now I find myself spending a lot of time screening tenants for the showing ( no need to invite someone that won't qualify to rent when they apply) This pre-screening takes at least 20 minutes per tenant- if I get 10-20 calls it takes much too long to screen all of these prospective tenants.