Tells only half the story of Half-brained Harris.
Her economic programs are so whack the people who want to make money will turn away.
Even assuming those are dream numbers and an opening for negotiation, that’s depression territory taxation. I would never buy another piece of investment real estate.
Though my scheme of buying a rental home, seasoning it, converting it to my principal residence, then selling at a non-taxed profit and repeating the process would still be in play. Done it twice, it’s golden.