@Mike Arias  When you convert your property from your personal residence to a rental property, your basis is what you paid for the property originally plus renovations you do in preparing it for rental and minus the land value.

Primary Residence, $0 capital gain tax per kid or spouse up to $250,000 each or $500,000 total. 

Most 73% accredited investor are not qualified just because they have money.

They have no choice, I sell to non-qualified buyers (They have a down payment but can't get a bank loan).Single member LLCs default to pass through taxation

Resident is complaining of musty smell in her apartment.

With that being said, lots of people choose to rent and it can be very easy to find qualified renters, especially when you buy nicer properties in the nicer neighborhoods. 

Investment Info:Single-family residence buy & hold investment in Uniontown.

I now reside in Pa/ NJ area.

We actually go a step further and will ask to see the applicants current residence, you will quickly vet out any bad applicants when this comes around.

This would allow you to make material changes to the deed without risking qualified use being in question from the original exchange.