Seems like he cannot differentiate btwn regular wear and tear and intentional damage/ Paint requirements: Interior walls, ceilings and other exposed surfaces in rental units must be kept smooth, clean, free of flaking, loose or peeling paint, plaster or paper and maintained in a sanitary condition.

Thinking about that duplex in Missouri seems like a good idea, especially with someone already living there to help with the home payment while you work on your dream home.

I have priced the property according to comparable homes in the area.My question: should I sell the house b/c it doesn't seem profitable?

@Jay Hinrichs seems to work for me... 

Oklahoma, specifically Tulsa seems like it may have some merit.

Its in east Columbus where a lot of investors seem to be focusing.

FLLC2 also owns WLLC.Sorry for what may seem complicated.

stocks sold that were held for more then 12 months is a common one Looks like according to this link, stocks capital gain can't offset passive losses.Here is how the IRS defines Passive activities (IRS Publication 925):This means that you cannot use passive losses to offset capital gains, portfolio yields, ordinary income or any other form of taxable gains.It seems like the only kind of sell that you can use the allowed losses are in this case:As the IRS explains, “generally you may deduct in full any previously disallowed passive activity loss in the year you dispose of your entire interest in the activity.”

When conducting a BRRRR of a property that a bank only allows a commercial mortgage on (4+ units), the ways to add value are much more straightforward than a smaller multi-family.

@Alan L. 50% seems kind of low.