Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage. 

Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

We're currently living in Idaho so attendance will be difficult in the near future but we'll have to plan a trip to Sac or make sure to attend a meeting when we move! 

Where are you currently at in the process?

I currently own (and property manages) one investment property (2 family rental).

I'm now figuring out how to maximize the return on current properties and add value, efficient ways to self manage, etc.

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

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

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

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.