Buy real estate & wait!

Wait, there’s tax consequences when investing in real estate?

What options do I have under this situation besides ait and wait?.

Thanks yeah I’m gonna wait another year or 2 and see what happens.

My cleaners will sometimes wait a day or two to clean, and it has not been a problem.  

For example if payroll is 10k a week, have overhead, material bills, etc and multiple jobs waiting on payment theres potentially a six figure carry that adds up very very quickly..

I am definitely focused on 1 month or more rentals, I love the mid rental approach, aiming at people waiting to buy home, people in the city for work, so in that regard it definitely makes the HOA laws more flexible.

This allows you to hold the property longer if necessary, wait for market conditions to improve, or even refinance down the road if you want to pull out equity for another investment.I had a friend who was in a similar position a couple of years ago.

I was able to save $45k in 15 months waiting tables and selling things on eBay (would be happy to show you what I was doing) - but I sacrificed A LOT (I really did not have friends or a life). 

They both seemed fine with the wait and see approach.