Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

It also saves you some costs, which is helpful when you’re just starting.

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

About the same as if you rent it, less costs.

That is actually still challenging enough, as many clients have told us - in hindsight they were glad we talked them out of a full-blown rehab.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We would never recommend that for our clients.

I don't know how you would present any of that to potential clients from thousands of miles away.No, Brokers are not all the same.

I looking to take action Can anyone help with some questions I haveWill this property cost me to much down the road?

Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.