I usually scoff at real estate experts who just talk about national or regional macro trends.

Many lenders are also a bit hesitant with the current market for 5+ units. 

There's currently a website set up to get information from customers that have had this contract "sleight of hand" done to them. 

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

Also consider how you plan to finance your acquisition and what size business is feasible based on your current liquidity.✅ Focus on making a good first impression and building rapport.This starts with getting honest with yourself about what you’re looking for and how you plan to execute.

However, passive loss limitations apply—if your AGI exceeds $150K, you may not be able to deduct the full loss in the current year but can carry it forward to offset future passive income.Future Considerations: If the property generates taxable income in later years, Kansas allows a credit for taxes paid to Missouri, but since you’re reporting a loss, this doesn’t apply.

Trading off current cashflow for principal payoff in the future?

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

There is a small (<600 sf) house on the lot currently, which is in pretty rough shape. 

As well as I just launched my starter supply and Bath product campaign on my current properties and will include it with new ones.