But most people don't get limited in real estate situations with Section 465 and 461(l) only applies in a really big dollar situations.  

Let’s just say a home was $150,000 in 2019.

The deal I chose was somewhat at random, but also looking at price points and neighborhood ratings I thought would be good for a first investment.Below is my attempt to break down this deal. 

When do you project rents will increase enough to break-even?

But it will be significant.To determine roughly how much tax exposure you're looking at you would need to know what your net gain will be.You will have to break down your Adjusted cost basis, and your net sale.

Real estate can make and or break you.  

When investing in real estate, the goal is always to maximize returns while minimizing upfront costs.

Quote from @Jason Cooney: Why are you in a dead-end job as a dishwasher?

Be sure to let me know if I’m wrong about not qualifying for a tax break because it’s a rental.

But maybe in the future..