But again, I'm absolutely a newbie and still learning so much everyday so need to do more research!

But on a day to day basis, she couldn't care less and it works.I'd say that if you want her to be more interested don't focus so much on the REI portion of it, focus on the financial freedom and long term goals of it. 

The home inspections is why I want to get into this in the first place, because I see that advantage I have as well and i am on the inside of my market everyday.

Yes, it requires way more input than stocks, but on a daily basis it’s really pretty easy!

The IRS specifically states its done on a case by case basis. 

Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog 4.

Thousand Oaks is nice and you can probably do well there if you find a property to flip, but it is only a city of 130,000 people so flips don't hit the market everyday like they might in a huge city like Phoenix.

@Ryan Reynebeau you never want to use rent amounts on the MLS as the basis for your numbers.

For more information on depreciation recapture, see chapter 3 in Pub. 544.The recapture income reported in the year of sale is included in your installment sale basis in determining your gross profit on the installment sale.

Mine is worth around $400k with a $200k cost basis.