Mark Mark,Often this is to keep the IRS "dealer status" limited to the entity that is flipping property, so that the tax treatment for "dealers" is not brought upon all the income produced (passively) by the rental portfolio.

The FDA could cut that by allowing some drugs and treatments to get to market faster.

@Dave FosterShouldn't a caveat be said about State tax treatment? 

We are often on the phone when he is pulling up to pick them up from their private school and his Bentley and they are upset because the Wi-Fi is not on for the 10 minute car ride home.I Love telling him to make sure that he at least gives them a couple free and clear properties in the portfolio that will be budgeted towards their drug and alcohol treatment center when they’re adults!

We always give special treatment to them, as in a bottle of wine, maybe some delicious food, flowers, etc.

We've converted to commercial mortgages (MF, 6 units and up) which do not have the same treatment.

My wife has had cancer, operation and treatment started last Oct.

@Mike Helminger here is the Canada Revenue Agency (think IRS) page on treatment of rental income...

Sad I have come across a share of home owners who are incredibly cocky and/or patronizing in their treatment of tenants but thankfully they've been in the minority by and large.

Is your plan accounting for possible reduction in usable land to handle detention and/or water quality treatment?