Talk to your tax advisor about how to release your passive activity losses based on your situation.This post does not create a CPA-Client relationship.

The absolute last thing I'd be doing is looking at other markets.

I was just down in Austin last week and know they have a good presence. 

Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.

Other than the fact if they tried to make every owner of their own home put in a 10k to 20k sprinkler system, they'd all get voted out of office - every last one of them.

I would have to see minimum last 36mnths financials and would prefer 60.

@Agatha Oliveira Over the last 10 years case law has been established that greatly expands the ability to redeem tax sale properties.

I saw last week that you can get trained on the JOB to repair Elevators and start at $150,000 a year.

Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.

You can also recapture loss's in it compared to a C or S corp. so it does have tax planning benefits.