Here are the details: We bought a house in February 2017 for $58,000.We rented it for a year and then sold it in March 2018 for $109,000.

If you send them a letter make sure to include that you already own the neighboring property and the details so it doesn't blend it with wholesaler letters etc. 

@Chase Maher You listed the NOI without more detail about what makes that up.

Main items of work are ripping out all old carpet, intalling wood laminate in place, installing a shower, and interior painting; possibly a kitchen counter or two.

Travis, few other details will help clarify your situation:1) When did you inherit the IRA?

And for detailed info on this- https://www.biggerpockets.com/renewsblog/2013/08/1...

At 42, you have a comfortable timeline of 15-20 years to take advantage of significant capital appreciation right here in the Southern California Market while maintaining positive cash flow as you build your portfolio.You may want to reference the blog on my profile page that details a first hand account of getting started in multi-family and where that can lead. 

The leases I draft for my clients are like 36 pages, and like 3 have all the details of lease on it.

If you want Any more details just ask!

This book goes into detail about how different levels of income earners actually use their money and how each of them are taxed.