Since you mentioned your W-2 income is above the threshold, it’s likely that you don’t qualify for this status, so the losses would be suspended and carried forward to offset passive gains in the future.With REPS and 500 hours of material participation in your LTRs activity, you can release your losses from LP interest.

I believe I make MORE money by charging less in large part because of the reduced vacancy.If you can keep tenants on average a couple extra years and basically eliminate a 2 month turnover you have gained 2 months rent.

Bigger appreciation gains (3% appreciation on a $1M is better than 3% on $100K) and you have bigger loan buy downs.

However, we are unsure whether we need to pay taxes on the capital gains from the sale.

Would it be ok if we connect, that way I can personally message you to gain more insightful information?

I'm looking to make connections, offer services, and gain some knowledge.

Enjoy the renovated home for 2 years and sell it for tax free gains.

You may make a quick return in a hot market, but the moment that market turns south (which it inevitably will) you will be scrambling to not lose everything you just gained;  2. 

I’m looking to connect with others about investing in these areas, whether to provide support and hopefully guidance to avoid landmines or to learn and gain insight and share resources in order to gain strength though shared successes, challenges and ideas

Also on taxes, if you sell your equity now does that mean you are realizing some of the gain now, or is it really just a debt product by another name?