-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me. 

Is your Adjusted Gross Income over $150k where you can't reduce your income with rental losses?

If the reducer was taken out of the showerhead, it could cause the hot water to flow much more quickly than intended. 

You reduced the amount of untaxed capital gains you’re carrying forward but you didn’t create an expense or a deduction today.

@Jake Faris Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, These costs are not immediately deductible.

The properties are rented and the debt is reducing via tenant rents.  

@Derrick Roland II Let's see, traffic noise, challenges backing out of your driveway, have to keep kids in backyard and off front sidewalks, big trucks passing by will shake the whole place, can't think of anything positive.All the negatives will reduce your max rent and make it harder/longer to find tenants.What's more important is understanding if the Neighborhood is Class C or D.

A good set of architectural drawings and a well drafted contract containing payment terms, time frames,  specs or at minimum allowances that is carefully reviewed by both parties will greatly reduce most contractor disputes.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

Since then, they have operated under government control, but privatization has been a recurring topic of debate.Why Privatization is Being ConsideredSecretary Turner, along with some policymakers and industry leaders, argues that privatizing the GSEs could reduce taxpayer exposure, increase market efficiency, and encourage more private sector participation in mortgage lending.