I've heard you can't stain pressure treated wood if its still "wet", as in the moisture content is high the recent pressure treatment.Wood isn't that cheap, but I still have to remove the old boards and install the new ones, speaking of time.

Land in a development sense could be treated as a deductible inventory cost, but only when it is sold.

Many banks treat rental income differently anyway when looking at DTI.

I think if I was younger and the landlord tried to pull that I would have treated them, or the property, badly.

So, if people want to basically be personal money lenders, then treat it as a loan. 

He bought it and appreciation has treated him very well over the years. 

I will absolutely take into consideration your advice for being steadfast about having strict house rules in order to ensure that my tenants are mindful about treating the property with care.

If you treat people well; then many of them will treat you well, in return.

I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, my partner will deal with contractors and does all the work needed, my LLC pays for everything, we sell the property and my LLC pays my partner agreed percentage of the profits as a project management fee.Can I treat the income from such an activity as passive and avoid self employment tax?

Would love to chat with you about your experience and what made you choose those locations etc. if you’re open to lunch it would be my treat!