I would have joined earlier, but my mother wouldn't sign the papers releasing me.Unfortunately for me, I made the mistake of buying a triple decker there during my "mistake making phase" of investing.

I am new to Bigger Pockets, and in the learning phase of real estate investing.

Especially if some of your standard deductions and shelters are phased out because of a healthier income?

Now I generally see the project once before we start, once during renovations and a couple times during the listing/selling phase.

Different properties and finance and structure terms.Secondly even if you got a seller to give a second with no money down you still have for 5 - 12 units about 8k to 10k in closing costs with phase 1, cost reserve stable, appraisal, site inspection, survey, etc.Lenders typically want 75% LTV which even if a seller holds a 15% second you still have 10% needed.

Is there a way to tell which phase a property is in? 

Operating in a hostile environment and maintaining professionalism despite massive difficulty didn't phase me.

But YEs the 25k passive loss limitation is phased out completely @ 150k.NOt being able to deduct your personal Mortgage income against your income sounds questionable though, I don't know of any income limitation disallowing this?

My question is if I purchase it as Owner Occupied can I replace the mobile home with another from the start (during that live there for a year) phase?

Second phase began buying from LLs and selling on installment contracts.