This means if the corp has greater than 60% of its income from passive activities than it will be subject to a penalty tax of: 20% in addition to the regular tax rate.

As a kid, I never had a regular way of seeing my future like other kids.

Income is pretty regular, but isn't guaranteed.

In fact, if you approach regular folks with slick, high polish campaign and you talk really fast, you might come off with "salesman breathe".

You can look at the annual rent revenue and divide it by the gross potential rent, to get an idea of what kind of economic occupancy the seller has attained for the past few years.

I see her go above and beyond regularly.

That is where others have worked hard to create value, now that burden is on you. or you can partner with them and sell a deal but they should be paid for their knowledge they have worked hard to attain. 

For as long as I could remember I never wanted to have a regular 9-5 and always had a goal of being wealthy.

We just evict them like regular.

Regarding depreciation - it will depend on if the units were "in service" at the time of the rehab.There is regular depreciation, bonus depreciation and potential immediate write off with some safe harbor.If you did the tax returns yourself, you may want your future accountant to review your prior year tax returns.