Keep that in the seller's lap while you're under contract. 

These losses would then carry forward in 2022 and 2023 via this same form.Is it an NOL on Schedule 1 other income for my 1040?

If they aren't, then they will have to answer to their seller as to why they had to get this LOI and PoF via snail mail across the country 3 days later, and why they are holding onto offers and keeping it a secret, etc? 

Anderson has been ramping up advertising campaigns via Facebook lately and I've enjoyed their presentations immensely.

Feel free to RSVP via this link. https://www.meetup.com/investing-in-texas-real-estate/events...

I am looking to purchase a home via a wholesaler with cash.

An understanding of local rental rates may be gained via websites such as Craigslist, Rentometer, and Zillow.

If you just want her removed from ownership, but not the loan responsibility, you  can just remove her from title via whatever mechanism Texas allows. 

And do another 1031 exchange on the other side which you've been renting.Lots of nice things in that scenario for you :)  I'll reach out via pm if you'd like to process these questions more fully.

You have 180 days to complete your purchase.I'll reach out via pm with some additional resources including our youtube channel.