But objectively, completing a free education has a value that is greater that most can earn in the time they work after dropping out.

Basit,According to the link below, only time you use 4797 for your rental property if you are in the business of renting properties to earn a full-time income.

You think you're going to live in CA, earn rental income in OK, and not pay taxes on that income in CA?

. - The buyers signed the release of contingencies at the end of the 60 days due diligence period - Buyers didn’t perform and asked an escrow extension of 4 months which was granted against a full release of the earnest deposit - Buyer signed the release and EM was transfered by the escrow company to my account- After the 4 months period buyers failed too close again- I served a notice to perform as well as a demand to close escrow- Sent the cancellation of contract and escrow but buyers refused to sign and informally communicated their desire to recover their EM- I refused to return the EMWhile the contract is likely dead, the unfortunate consequence of this situation is that the open escrow must be disclosed to the new prospective buyers which obviously is a turn off and causes me financial damages.I talked to an attorney who thinks the contract is void and suggested sending a formal letter to the buyers from his office to have them sign the cancellationThoughts anyone?

Calculators are just a tool for assessing your interest...you really need to have real conversations with your team- Agents, Bankers, PMC prior to risking your hard earned assets on a generic paper version of a real estate transaction. 

The really big money for rental units is earned starting within a year when you increase the rents even just a little because then your cashflow increases, but the really big money is when you multiply the increased rents times the Gross Multiplier.

I have to admit: the wear and tear on me from being a landlord started to factor in a bad way into my desire to own more units!

I’ll list them here do you can see what makes your lot desirable or not so desirable.Zoning.

The house is in a desirable vacation area and I am planning to rent the main house out on Airbnb.

If that time does come, I will look to move my 401k earnings into some type of Roth IRA account unless there are better options at that time.