The software I use to keep track of income/expense for this property has a category for renovations under capital expense.

Net rental income has almost completely replaced what we used to make in our jobs.

David Orr started Tax Modern and wrote that linked article--I linked his BP profile. 

The rent is your income on your investment business. 

Both would appreciate the monthly income over a lump sum as well, and it will help with taxes as the property is inherited and has increased in value. 

Fixed income is the worst performing asset class during high inflation.2) CDs are taxed at ordinary income so take that 5% and subtract your state and federal taxes from it to determine the actual yield.

Hello members, I am a first time investor recently moved back to Michigan, my focus was primary residents and after moving back, I had to rent my previous house out in New York which is producing some good income.

I have a good W2 income and have some capital to use.

I know in Charleston SC were i built quite few homes downtown its highly regulated as it should be and if your zoned and permitted then the price reflects it on the purchase side they are sold as income props. 

But he is also in the business of making coaching income.