The property was vacant and to maintain integrity in the neighborhood, the property needed renovation.

There are definitely ways to make money in real estate without needing initial capital but I would say those are fewer and less likely in the current market. 

The property was vacant and to maintain integrity in the neighborhood, the property needed renovation.

This is also key when losses are being carried forward, they also need to be in these buckets.For your second question. 

I see about the opportunity zone funds, but it is for accredited investors that need to put gains into something to defer.   

Separately, if I experienced flooding in the past and did major plumbing renovation work to resolve the issue, do I still need to disclose these resolved issues? 

So none are needed.

If you ever need insights on financing options for rental properties, including DSCR loans to scale your portfolio, I’d be happy to help.

These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.