@Mark DrouinAny particular reason you don't want to do a refi after the new tenant is placed ?   

., then I would still have too wide of responses to be able to anticipate what the real costs might be for my particular situation, property, etc.For reference, my properties are in Class B areas of Milwaukee.

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

There are several reasons why I would say this particular wholesaler did not misleading the owner. 1st.. the purchase price remained relatively the same when I was offered the property before the wholesaler scooped it up.

I think the only thing that particularly is an issue is the "no evictions in the last 2yrs."

In the beginning mainly figuring out logistics for turnaround between guests and dealing with any issues, particularly, for out of state.

This particular neighborhood is known nationally and very prissy.

every city in the US has its plus's and minus' so in my mind you cant single out the mid west particularly.

Investing in markets or asset types with stronger appreciation potential but with less day-to-day management may be a smarter long-term move, particularly if your goal is financial freedom and less active involvement.In summary, pulling out $500,000 from equity could be a smart play, especially if you're focused on long-term appreciation.

Without regard as to which political party held the White House, either.Your comment was unnecessary, particularly on a real estate board.