This could have three fold impact ---> allow for writing off paper losses against W2 income, increase the property value by increasing monthly rent, and all the normal cash flow benefits for RE...right?

I enjoy helping bigger pockets members find loopholes and offer ideas.

I just don't understand that my write-offs can't accumulate as my other rentals do collectively. 

My agent is shopping for a new policy but so far multiple underwriters are refusing to write policies for the same issue.

Did you write your offer up and provide financials along with it?

@Emily Ellis You can absolutely wholesale in NY & NYC as of this writing.

However, I would write down in an excel sheet all of them and process that go into a rehab and do a estimation column and write-down those numbers. 

Low property taxes, landlord friendly, weather is reasonable, close to Lake Tahoe and lots of enjoyable areas in CA, strong appreciation, strong rents, population growth, diversified job growth, limited land allows for significant appreciation outlook over time. 

Like writing myself a $0 lease? 

When you bought did you put in a noncompete agreement so you could write off early for tax advantage?