This is typically the excess of deductible expenses over taxable income.Report the NOL on Your Tax Return: On your 2023 tax return, you will need to report the NOL on Schedule 1 (Form 1040), Line 22, "Other income."

Except in cases of things like a 1031 exchange, your capital gain is measured on the sale price in excess of the properties basis.

You are correct that $100/hr is excessive, but there may be a justification for it and the amount of time it took.

Then move forward with a restoration company or trusted contractor who can help you dry out the place starting tomorrow (or ask your existing contractor for recommendations).

I don't know if it is called "efficiency" when you have a studio within the unit (without a new construction outside the property) B) Or, do you apply to the city for converting the duplex into an official triplex (replacing the door with a dry wall)?

Estimate is excess 1.5K for claiming half the walls and ceiling in the home need to be repainted, every door in the house needs to be cleaned, and other random items.

The fed is going to keep a tight position as long as they can...until stuff breaks so they can vacuum up the massive amount of excess stimulus and decrease the size of their balance sheet. 

Agreed @Laura Richards, it seems a bit excessive in cost and unnecessarily complicated, and I personally would not recommend for a beginner. 

One option you can look into so you leave yourself some excess capital is to finance the property for the time being so you have some wiggle room in your budget in the near term.

Even so, the poor quality of work done in this house does make this figure less cut and dry.