@Michael K Gallagher Thanks for the response.

Quote from @Steve K.: It’s not very common but I have seen this done before.

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

.: Quote from @Jonathan Greene: Quote from @Steve K.: Quote from @Alex Hall: Quote from @Zach Howard: Quote from @Ken M.: Quote from @Zach Howard: Quote from @Jay Hurst: Quote from @Zach Howard: @Ken M.Where and how can I most efficiently learn about subto in full detail?

Chris if one reads the thread were OP posted about 38 k reno on a apartment unit and others asked questions etc etc.. the OP got quite defensive and rude frankly..

Quote from @Steve K.: Quote from @Bruce Woodruff: Quote from @Steve K.: There were tons of homeless people when I lived in Tucson.

Quote from @Joe Villeneuve: Quote from @James Hamling: @Victor Tofilski I can't tell you exactly why it hasn't leased yet but I can pick it apart and give you detailed road map of every deficiency I notice and how to correct. 

Those are @Steve K., @James Hamling, @Jordan Moorhead, and @Russell Brazil.

One consideration as you are working on locating private lenders, is that IRA, 401(k), and other retirement accounts can be used in many cases to make private money loans.

Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.