Also, in respect to the multiplex, duplex, etc, how does one find the owner without an agent? 

We have walked the property with a Real Estate agent and a contractor whom have a very good reputation with their respective companies, but I trust numbers overall.

She knows how hard I’ve worked to be able to afford this house, and how I’ve always worked hard to provide for our family.I know that my family loves this house, and that we’d treat it with the respect that it deserves.

. ;-)Anyway, why don't you take a look at Schedule E (to from 1040) to derive at the answer to your questions: https://www.irs.gov/pub/irs-pdf/f1040se.pdfStarting with line 3 you will see all the relevant parts that are to be considered when figuring out your taxable income (emphasis on "taxable" as this is ultimately what counts with respect to this particular discussion here).The form is fairly straight forward IMO.

Turnkey isn't terrible, but there are only like 5% of the providers that are actually respectable and a fraction of what they sell you are good deals.

If you're honest about the big issues on the property you may draw fewer potential buyers, but they will respect you for being honest and up-front and will be much more likely to look at other deals you send them in the future. 

Congratulations and (respectfully) I'm more of the opinion that deferred tax is preferred in the hopes that you recognize those gains during a period of low ordinary income (i.e. retirement).  

Respectfully,Haley

On the other hand, the land sitting underneath the property often does appreciate, but not always ... in a really good market, this appreciation of the land will more than offset the depreciation of the physical property, but most newbies ignore these markets because the day 1 cash flow tends to be lower than in markets where the land does not appreciate as much (or at all).Also, I have to respectfully disagree with Dave Toelkes ... even if your plan is to buy and hold for cash flow and never sell, yes you absolutely should still care about how much you pay relative to market value and the long term trends of market pricing.

imo both Fayetteville and Greenville have high transient populations from military and the university respectively so greater risk.