However, these losses aren’t lost; they are carried forward to offset future rental income or gain upon sale of the property.3.

You will definitely learn a lot here - reading books and listening to podcasts, attending local meetups and conferences are all great ways to learn, gain advice, share thoughts and network!

Does the person have something to gain from their answer?

I think I’m more focused on long term gain, some short term cash flow is nice but I’m not planning to try and live on it or anything.

Hopefully, you have been able to gain more advice since then. 

The money from a refinance isn’t considered taxable income because it’s a loan, not a sale or gain.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $720,000

Cash invested: $463,183

Sale price: $751,100

Pull it out over the next 5 to 10 years as you gain REI experience.  

And in fairness, not worth doing if you're not making more than that anyway.If he does something like this and it exceeds the SGA (Substantial Gainful Activity) limit he would lose his disability right? 

Quote from @Jamie Parker:I got a photo with Tom Cummings, Prolly the only real value I gained with 7-8k invested in education that year.