So $70 - $7k - 50k + home imps = $13k gain on sale or so taxable at capital gains according to your regular income tax bracket (15-25%).Then gift her the remaining money tax free.

But for a lot of us it diversifies our investment portfolio and our regular full time job is how we make our daily money.  

Personally, once they are evicted and I have possession of the property, I would store the stuff for 30 days then deem it abandoned.

Make sure to view the Bigger Pockets book store: https://www.biggerpockets.com/store

Track the income and expenses of everything you do in some sort of report and review it regularly with others you trust to possibly reduce expenses and increase your income and helps your company grow.  

.), so you'll need to do regular business if you hope to make money.  

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

Finding BiggerPockets was the best thing that could happen to me in regards to starting my Real Estate Investment Business.I come from a background of Convenience Stores and Restaurants.  

you aren't the moral police, or the regular police.. you're a landlord.      

Do not cut any corners to make a deal look better on paper but not in reality.Track all of your income and expenses that you are responsible for and review them regularly (in report form) with people that can help you possibly reduce your expenses and increase your income.