The BTA ruled that “where the owner of rental property devotes it rental purposes and exclusively to the production of taxable income, the property is used by him in a trade or business”.On appeal, the 6th Circuit came to the conclusion that the building (rented to multiple tenants) was a TB, but they got there via different means.

Articles like this send my brain into overdrive thinking of all the potential for multi family build to hold, basic prefab homes to fill an affordable housing gap, and other projects a market like this could support.

@Dan DeppenThe reasoning for the heavy handed regulation of consumer products and services is that consumers are not on equal footing with businesses as to experience, knowledge and expertise, may not have access to legal advice, are unsophisticated, and therefore in need of governmental consumer protection.

"We strive to provide safe, clean, affordable, comfortable, and quiet housing for responsible renters."

If you increase the rent, then they may not be able to afford it.

Good contractors look for a win-win, value mutual respect, take pride in their service and product, and are interested in establishing relationships with customers that will lead to more work.My suggestion?

But before you make that decision, you need to have a serious come to jesus about what your goals, needs, and deal breakers are with regard to:Time - how much time can you reasonably afford to spend on the investment once it's made, on an ongoing basis Control - are you willing to sacrifice a bit of your return for someone else to handle tenanting, maintenance, and turnover, or do you want maximum control regardless of your experience levelResolve - if you're inclined to be very hands-on, do you honestly know that you will be able to maintain the level of involvement long-term?

When affordability becomes an issue you will see even fewer buyers. 

As I was saying competition is weaker there from new inventory, leading to more undifferentiated product than say Denver, or Dallas. 

Learn how, it will help you from getting taken by contractors, or spending more than you can afford.