Right now, you are investing and aren't paying additional tax--think about that.Also, one little explained aspect is the carried over PAL is also useful to reduce your taxes when you goto sell. 

Overall, we were able to create a new product, offering a first-floor Main Bedroom Suite and three additional bedrooms on the second floor.

Another thing I struggle with is that at one point the big house where my son grew up was 800K, and now its only 550k, so that's another issue I am having in addition to an emotional attachment to that house.

Which they don’t clean so it’s additional income haha.

@Thurayya Berry, have you had any of those advisors walk through the property with you and discuss the kind of rehab you're talking about?

My thought is a large concrete wall higher than it and the flume as well as additional fence, soil, tree boundary.

I’ve run into a dispute with my property manager and am hoping to hear how others might handle this situation.The property manager just turned over a nicely updated apartment and in addition to the normal repairs and painting, installed new 2 inch blinds and ceiling fans in the apartment.

I’m learning everything and anything I can by all available means, but would love to find someone in the same market who would possibly be willing to share their wisdom and potentially walk me through an actual transaction (simply as a spectator on my end, or in any capacity you’d allow me to be involved in).

I have either kept their rents lower than the area average market rents or made a small downward adjustment in rent in conjunction with not raising the rent for the current year to help offset the initial cost for the new addition of them paying for their heat.

Find a company that can walk you through their process, has flexible spending options and no high-spend minimums.