P.s there are also properties on the land generating some rental income.

They all have software and it just generates a Schedule E.You could hire someone who specializes in Bonus Depreciation.

Generates 75k/year gross and nets approximately 20k.

At the end of the day, I was looking to generate discussion just like this so thanks for the comment! 

I'm not sure how much I'd expect to pay for closing cost.One is without payment assistance; the other is with the new generation loans in Minnesota. 

If buying rent-ready properties is the route I take normally how many properties in the portfolio would be best to really generate cash flow? 

Or figure out how projects are developed and get one "most of the way" (land leased, site planned, permitted, power purchase agreement signed) and then sell the deal to a big developer.My perspective: My W2 for the last 8 years is environmental and development consulting for oil & gas, renewables generation, transmission, and commercial RE development.

I live in a 4 season mountain town and we were only able to generate about 30% occupancy.

I feel like I'm in a rat race with my W2 job and trying to find deals in real estate and generate other income (stocks are my current choice). 

These losses get carried forward each year and can be used to offset gains from any rental property sale, not just the one that generated the loss.