@Anne Williams go about ur ordinary business and crunch ur numbers.

She lives close and would really love the amazing views of the pond and animal life 20 feet off our patio.

Payoff $2500 in credit card debt, pour a concrete patio in the back yard and redo our master bathDo y’all have habit goals in addition to accomplishment goals?

I am not a CPA however, you are looking at being taxed at your marginal tax rate (ordinary income).You should consult a CPA or tax attorney as there is one way I know of around that.

I want any opinions of Stefan Aarnio and his book "self-made - 5 secrets that transform ordinary people into self made millionaires".A little backstory, I went to a local REI group in Winnipeg, Manitoba, Canada and he was the host of the event. 

Ifthe need for repair is a result of damage done by Tenant and/or their guests,and not that of ordinary wear and tear, Tenant agrees to pay for the repair.  

The fact that you are on this forum with your views is in contrast to the bigger pocket’ stated goal (look at “about us”): “Our goal here at BiggerPockets is to help ordinary people like you build wealth through real estate.

@David StelzerAnd you still will… profits from wholesome and flips are taxed as ordinary, active income.  

Diversification is key, so I max out my 401k to the company match, and spend all my ordinary income savings on REI.

With that said, we drive ordinary cars (Subaru Forester 2018, Kia Forte GT 2021).