Starting out in a high-cost-of-living area can be challenging, but it also presents unique opportunities if approached strategically.

My question is this, can I deduct my passive losses that occurred in 2017 on my 2017 taxes or does it get rolled over to 2018 because my income is too high?

Anyone who has been evicted is a high risk as everyone has already shared.

Long Beach is so fringe oriented and prices are so high that it is pricing out the low income people out.

@Jinglei ShenThe insurance of $1,400 a year seems pretty high in my opinion.

These deals are so highly leveraged that if they fail to attain their projections and cannot refinance the project, it will fail and go to zero.

Even with high rents, you won't be able to take more than 75-80% of the appraised value out. 

Investing in your education through reputable sources, even if you don’t go for high-priced mentorships, can lead to better long-term success in the real estate market.Engaging with local real estate investment groups or seeking out affordable continuing education programs can be great starting points.The road to success does not have a shortcut.... 

If it's not selling, it's priced too high.

I'm also a REALTOR who focuses on PadSplit primarily with many clients building portfolios of these high cash-flowing properties.