IRR specifically takes the time value of money and calculates what the average return is over a period of time and annualizes it.

Many investors want to invest in a specific property in a specific location - they prefer to know what they are buying as opposed to not knowing what specific properties they will own thru a REIT.At the end of the day, each investor needs to sort thru those issues for themselves.

@Bryce Carroll,IRS doesn't agree with what specifically?

Am I being specific enough?

I’d focus on being the best realtor possible and leave the photography to someone else who is specifically focused on that.

@Tom Owiti hi I teach a class series for the Miami Association of Realtors on how to better work with housing authorities.It’s a great option and can be used almost on any property as long as the association bylaws don’t have any restrictions that would prevent this specific tenant from qualifying.

I need to outsource it.I post on CL and yelp etc for a very specific job that someone can give me a quick bidPictures, measurements and conditon of walls etc. 

However, an essential exception emerged in the 1990s, allowing specific rental income to be categorized as non-passive.

I would schedule a few calls and have a few specific questions you can ask potential tax pros.

However, the specific details can depend on various factors, including the type of asset, how long it was held, and any applicable tax exemptions.