But just to be picky because we actually do run into the limits.The Section 461(l) excess business loss limitation doesn't apply to business income.Extreme example to illustrate: You get a $1 million W-2 and a K-1 with $2 million of income from your S corporation.

And if anything I'd see those things getting worse, not better. 

There was not water or septic connection to that building previous so it was a big project to get connections added.

Get your systems down.  

@Cyndi Lees the thing that catches my eye in your post is that it would require quite a bit of work to get it started as a rental.

While investing for capital gains is generally pure speculation and even though real estate is already very expensive, you will get nice capital gains is history is any guide.

. - If you make the above clear in the listing, you will immediately get fewer applicants.

My goal is to get into the project management realm of residential construction to start.

She told CS that it was, in fact, me who was trying to get her to book off platform. 

In most cases you're only required to have 3-5% for a primary residence, I would say that's one of the most common ways people get started in REI.