Profit is profit, you pay tax on it.Your best bet is sit down with a cpa for half an hour or so, it will become much more clear.

You bet, let me know if you have any other questions about it.

@Justin Johnson she has to CLEARLY qualify on her own to even consider , and I would bet a lot of money she won’t.

My answer will not scale to the size of your business. 

For a 12-foot wide house, you are probably looking at less than 1000 square feet above grade and it will be tough to get 3 decent-sized bedrooms in that space.

A 2-4 Unit is your best bet to gain maximum rent roll and NOI. 

For decades, exclusionary zoning laws - like minimum lot sizes, mandatory parking requirements, and prohibitions on multifamily housing - have inflated housing and construction costs and locked families out of areas with more opportunities.

Any drawings and maps of the infrastructure and size of lot8.Any Contracts that will be transferred to buyer at closing 9.Signed Rules and Leases for each resident10.2 years Tax Returns11.2 years Profit and Loss12.List of Capital Expenditures for the last 3 years13.Listing of any current problems (water, sewer, gas, electric)14.

However, those aren't very accurate.You'll need to pull some sales comps for the type/size/age/location property you're looking for.

I’ll do that in addition to working with an agent. sounds like my best bet as most of my time is spent at my day job (web developer).