my name is jeremy. i currently live in guam. i am 24 years old i have 2 amazing children and my beautiful wife. i am currently in the education phase of our realtor investing. i am so interested in investing i have been finding ways to invest money to help me and my family to making through this crazy world and not worry about how we are gonna pay for our bills or work with no reward until we are buried 6ft below. 

@John Brees  It's correct that depreciation is required, but yes, if you make over $100k, the deduction starts to get phased out, and phases out completely over $150k. 

Hi All,I'm learning a lot here and am feeling more confident to pull the trigger on my first investment property. As I get ready, I'm feeling less confident in the actual execution of the transaction and the day-to-da...

It looks to me like you would need to upgrade/extend commercial power lines(3-phase power) to the sites which could easily kill a project.

I'm still in the research phase of my real estate investing but, one thing I know is that I want to be an investor, not a land lord, so I would be using a property management company. 

You close on the prop after rehab is done and inspections are passed, so there's no risk to you during the rehab phase.

I live in Alexandria, Va (Huntington Ave) as well and pretty much is the same phase of my investment career. 

I know nothing about the current tenant at this time because we are in the beginning phase of purchasing. 

Hi @Corey Reuter -- I have a BRRRR in progress right now (currently in the rehab phase) and the lender said they can refinance on appraised value 3 months after closing.

Passive losses can only offset passive income (Unless your AGI is under 150k, phase out begins at 100k- or unless one of you qualify as a RE Professional- which if you both have full time jobs isn't very likely)So your potential passive losses from the Rental will carry forward until there is a time with passive income, and then it will reduce that.Also, much of those renovations to get that rental ready to rent will need to be capitalized.