In some cases, gross income can include recurring capital gains or unrealized income, winnings from a day of gambling, rental income, and sometimes even interest earned on retirement accounts.

The bad news is that now I am providing a service that cna be easily offered by a local realtor.

And your pension is not on Sch 1, it's directly on line 5 of your 1040.Whether or not your old losses offset your pension or your gains is a very complex question, but the bottom line is: yes, the losses become deductible.Now, you astutely suggested that you may "win" the game by increasing up front depreciation, even though it is offset by a correspondingly higher gain.

If the tenant has assets that you believe can be easily seized, this is a good route.  

Typically, off-market sales are common in hot markets where demand outweighs supply heavily, meaning that a home can sell easily without ever going to the public for sale.Pros of Buying an Off-Market PropertySearching real estate markets for off-market properties widens the net of investment opportunities.

This allows me to transfer money into the checking easily in preparation for a wire.Credit Cards--so you are now an industry professional. 

(Heads the sponsor wins; tails the investor loses). 

With this approach, I can very easily vet borrowers (no newbies unless partnering with an experienced investor for example) and focus on those that meet my criteria.   

Soft spots can be remedied quickly and easily.

It can be the difference between losing money and owning a winning property.