Can you relate/communicate with them and their situation?

My dilemma is that I’m an artist (and yes, I actually make a full-time income doing that 😏 and have become relatively well-known locally) and I’m most excited by the rehab and design part of this project.

From Wisconsin. 2)  Possible career switch from aviation to pretty much any real estate related administrative job using my economics degree from Cal State Long Beach. 

NAFTA could hit Windsor if things go unfavourably, and no doubt this would have an effect on the local economy, as did the closing of the GM plant and related factories in 2009.

@Dan Morris You can only write off expenses relating to the rental portion of the property.

Listen to as many note related podcasts as you can and it will clear up a lot of your questions.

The liability part will cover you if there is any liability claim that arises related to the property. 

Actual service at the box is usually much less than that, and it is rather slow at the extremities of the house, even with the Wi-Fi extender, but my business partner was able to browse the internet on all 3 site visits and watched the tenant do the same.Our city is still relatively rural.

Same time, there is a relatively high demand for rentals/low-income housing (given the number of apartment buildings, mobile homes, and rowhomes/SFHs being rented. 

Even if it was legal you run several risks.  1) You would permanently damage your reputation in an industry where reputation is vital to get deals.   2) You risk major tax implications related to large capital gains.  3) Comps are not solely based on on the units you want them to be based on.  4) Even if this hypothetical plan worked exactly as you laid out you would be extremely over leveraged and underwater on the other units as you pulled out falsely inflated equity.