Not an expert on this but it appears YES this would be subject to UBIT and a good amount (70%).

PatriciaThe upcoming election seems to bring some volatility and also  hesitation  for real estate investors right now, sometime after November 10th I am sure we can have more clarity on what strategy to use :)

Congratulations on taking this big step!

Horizontal is a bit more modern, right?

Does anyone have a spreadsheet formula for this?

This statement though - "more importantly to escape the 9-5 jobs and create generational wealth" - you should be careful of or just make sure it's a long-term goal.

Perhaps someone with more intimate knowledge of the area can validate or dispel the type of neighborhood this is but it’s normally not good if that’s one of the first things to populate on the internet.

Also wondering everyone’s opinion on the market, generally.

Yesterday I did my final walkthrough with my tenant and I have to say; it’s more work than I originally thought. 

This is a community built for learning and growing in real estate, regardless of experience level.