Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?

My dad had died, my husband lost his job, Cascade said we could do this to keep home and we thought would be added to loan.

Chalk it up to a lesson learned and fire them and get someone else to complete the job.

. + 100ks of uber jobs vs demolished IT and finance jobs.

You are getting a lot of advice because that's what you asked for, but the real issue is that you went into this knowing nothing, with no help, and not enough money to do the job so it makes sense you are thinking of quitting.

Awesome job and good deal!

I've got the basics down like schools, jobs, good/bad neighbourhoods, but as a newbie investor, I'm wondering if there are any insider tips you could share.Thanks again for your help

Doubt the LLC owner has performed all the necessary tasks to avoid the "piercing of the corporate veil" by an attorney that knows what they are doing.DM us if you'd like to discuss more and get an intro to such an attorney...

I agree with other responses here, and to piggyback on them it seems everyone plans to 'own forever' when they sign a 30 year lease or finance term, and then things change (job, relationship, life events, etc) and folks try to sell the property with 25-28 years left.Banks do not look at power bills when determining DTI, but they will look at a solar loan/lease. 

The city is growing and the macroeconomics is great - lots of job growth and population growth and major tech companies moving out here and developing like Intel, Google, Amazon, Meta, etc.