Thus you potentially lose current year tax shield advantages or you potentially lose accumulating suspended passive losses that can offset future depreciation recapture.

They have stalled by saying they need to deal with the 70+ years of accumulated stuff in the house.

Leveraging moves much faster, increases accumulated Property Value faster, increases accumulated Cash Flow faster, and costs far less money.

If you can work construction and learn that side of the business in the mean time, it'll only help you even more down the road when you start to accumulate properties.  

However, only your accountant knows all the facts and the sale may potentially not be subject to the $3,000 annual loss limitation if it is a section 1231 / 1245 / 1250 asset.Furthermore, many taxpayers think they have a loss when in reality they have income(they forget to reduce the basis by the accumulated depreciation).In addition, you may have suspended passive losses that may be released upon sale.

When you have accumulated enough equity, refinance the property and buy another property.

One thing Brandon preaches a lot is growing your portfolio. Buying 1 small multifamily opens the door to buying another and then another, until eventually your portfolio reaches over $1M. Ideally, you should be making...

It is all a matter of your goals (i.e. equity accumulation or supporting a lifestyle with cash) and your ability to redeploy capital effectively (i.e. is your cash just sitting or are you buying more properties)

Your income will determine how much you can borrow and how much you can save.Unless you are doing something like flips (high risk, and potentially high reward-note potentially as it can go horribly wrong), you aren't going to accumulate a lot of wealth quickly with real estate. 

This strategy will allow you to accumulate quite a few properties in a short period of time.