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.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

Also consider how you plan to finance your acquisition and what size business is feasible based on your current liquidity.✅ Focus on making a good first impression and building rapport.This starts with getting honest with yourself about what you’re looking for and how you plan to execute.

Trading off current cashflow for principal payoff in the future?

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

As well as I just launched my starter supply and Bath product campaign on my current properties and will include it with new ones. 

@Jonathan Greene and @Nathan Gesner, you both illuded to sharing more about my current financial situation and background.

I’d like to keep the current fixed-rate mortgage in place and, if possible, have the debt transferred to the LLC as well.

Currently have a great job but want to start acquiring  2-4 unit complexes.