3) INCOME REQUIREMENT: I have two applicants who have extremely good credit scores (800+) and all the references check out, etc.

I have an application called home snap that works well, and gives you info about the home.This may just be with my county assessor, but they provide aerial shots that allow you to select buildings and or plots of land.

They are both useful in various applications.

I must point out that this was a VA loan and I am and eligible VA loan applicant.

I don't plan on doing more single-family so that's just fine with me as it isn't really prefab's best application.

Checking applicants and tenants Facebook is just part of our operating process now.

If a brain surgeon were to treat me for the flu I don't really think it's ethical to charge me his rate for brain surgery, his additional skills were not applicable to his services.

Martin Yes, I have always lived by the rule that if you have a ton of qualified and willing applicants your rental is probably priced too low.

If it was not it is a short term capital gain.Long term capital gain rates, 0,15, 20%Short Term capital gain rates: Ordinary rate.Your examples are only differentiating between the Net Investment Income Tax and your regular tax rates (capital gain AND ordinary income rates).Sale of a residence first goes against the exclusion if applicable and then it is treated as capital gains.

Even then, I would say before running out and trying this type of revenue generation, you need to write a couple hundred loans and gain exposure to all the different workings of application, loan placement, loan processing, conditional commitment, commitment, underwriting, regulations and secondary market operations.