We ought not to look back unless it is to derive useful lessons from past errors." ~ George Washington

The Financial Crisis of 2008 was triggered by exotic-but-toxic financial derivatives no one could understand.The takeaway lesson I learned is to make my investments based on the needs of my household budget.

In this instance, the IRA is subject to a small amount of taxation on the percentage of income derived from the non-IRA (borrowed) money. 

KORA states:"No person shall knowingly sell, give or receive, for the purpose of selling or offering for sale, any property or service to persons listed therein, any list of names and addresses contained in or derived from public records … Any person subject to this section who knowingly violates the provisions of this section shall be liable for the payment of a civil penalty in an action brought by the attorney general or county or district attorney in a sum set by the court not to exceed $500 for each violation."

(run on sentences with derivation of thought and continuous non sequiturs)1. non sequitur "a statement (such as a response) that does not follow logically from or is not clearly related to anything previously said"

Property management and maintenance is where turnkeys derive a lot of their income.

Reason is on the one side the income aspects and the associated topic of deductions from costs (which ones, how much, any need to depreciate etc) and on the other side the aspect of getting your cost base right to derive at the correct depreciation.

By the way, if you are a RE pro, as class. by IRS, most of your income is derived from RE investments, not other ordinary income, and therefore, a classification of active investor is sufficient for you.

Its sad but true, the larger capital gains were usually derived from death, divorce, mental or physical illness, addiction and BK.

The determination of the amount of the rent must not depend, in whole or in part, on the income or profits derived by any person from the Property leased (other than the amount based on a fixed percentage or percentages of receipts or revenue).14.