You can offset the passive losses from one rental against the positive income from another rental.Therefore, you will likely have a net $3,000 loss across all the three rentals which you would carry forward.If your depreciation was more than $3,000, you basically made cash-flow or rental income that was not taxed, which is good.Best of luck

If it's empty one month you loose a whole year of positive cash flow.  

Hey @Chris Packer, with your building’s appreciation and solid lease potential, you’re in a great position, even with the cash crunch.

The positive for you is that we hit the ceiling in mortgage rates at the end of last October, with them being down about 2% since that time.

prices are high, interest rates are high, there is tremendous demand for inventory by both retail / primary buyers and investors, good contractors are booked up, some materials are still expensive. ' can't we just be honest that (1) if you are in a strong financial position, then yes, RE is still a good investment and ALSO  (2) it's way more difficult than it was in 2016? 

The outcome is a positive experience, with a learning curve managing a Section 8 voucher program home.

Your sitting at about 40% equity position.

I saw an opportunity to position the property as a long-term rental for workers or residents relocating to be near the casino.

Hey @Mo Karim, I've had a very positive experience operating a MTR in Dallas.

That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.