Investing may help investors avoid costly mistakes and losses by learning from others' failures and seeking mentoring or direction.Overall, while starting with limited capital requires creativity, resourcefulness, and persistence, it can also lead to valuable lessons, opportunities, and success in real estate investing.

The other costs are going to be losses on your taxes against any gains if eligible. 

The clause is: ”Indemnifying and holding Broker harmless from and against all losses, damages, costs and expenses of any kind, attorney's fees, and from liability to any person, that Broker incurs because of acting on Buyer's behalf”I haven’t seen anything like it before.

The LLC is a passthrough entity for tax purposes, meaning the losses/gains will show on your tax return. 

However, being the lucky owner that I am, I was given the absolute honor of footing the bill/loss. 

I'm looking to grow the small circle of investors with hearing loss by showing them that we can break the communication barrier and thrive in real estate!

You would need to calculate your basis in the property, then see how much gain or loss you have.

I was recently advised that BRRR is probably not a food fit for me and flipping could work better.Any thoughts on that? 

What other kind of income can I deduct with Rental Real Estate losses?

There are a few types of people who will buy your end of line flips….1) Those that will only buy truly safe … battle born… “equity the day I buy”.. opportunities And/or2) those that were trained to see real estate investing as a much more risky “ investment”… in other words  “ a buy that “SHOULD” have value after appreciation”With Buyer group #1… if you provide truly investor grade deals that haven’t been stripped of most of the equity before you try to flip, you will build a following of investor grade buyers that WILL pay cash and CAN close “ as soon as the title search is done”… This will net smaller nets for you initially , but you will own a REAL Buyers list… that WILL have the experience… to REALLY CLOSE ASAP.And that will make your machine run MUCH more smoothly.Or2) you can initially max out your net on a few deals as you scape out most of the equity for yourself… but you will only be working with non experienced buyers.. who will buy ….one… realize that they are in WAY too deep… have no B plan.. and they will be FAR less likely to buy again… AND they may never even make it to your first closing .So.. your choice… cultivate a crop of GREAT slam dunk , low work load real buyer investors…. where all you need to do is find the property , mark it up a LITTLE ..and we do all of the rest of the work…Or sew a crop of weeds…I do spend a little bit of my time asking wholesalers to take me off of their lists.I would love to buy from you.I don’t want to spend my time doing the initial marketing.I am willing to pay for your valueBut I don’t buy properties that don’t have TWO exit strategies1) enough equity AT CLOSING so that, at the very least I could sell it TODAY without taking a loss…..AND2) after my expertise ….