This will make it easy for an accountant or book keeper to tack the income because eventually, this income stream will need to be taxed.

@Jared AdamsonA wise and experienced caution from Don.Another is to remember that all partnerships end - some end well, and some messy, but they all eventually end.

Thinking about buying a townhome, and eventually single family home and multiunit. 

Eventually, you’ll either sell or turn it into a traditional rental. 

This is a route I want to explore eventually and there are so many creative ways to do it!

Yes I want to build a business and passive income and outsource and have a team and systems and eventually retire, but I still enjoy working too.

I am looking for anyone who has done this successfully and has any advice for someone looking to do some of the work himself and eventually split the utilities to convert into a top and bottom duplex. 

Eventually you plateau because of this.I want to be in a situation where scalability is not an issue.

I know that you can elect to expense certain items rather than do depreciation, there is accelerated depreciation, which they will start phasing out next year, but gross income and expenses will eventually show a profit if you keep operating it well. 

I’m just trying to plan ahead for the eventual need I’ll have for a handyman.