But I don't believe this is fully correct. 

I've been a financial planner for 17+ years and one of the main things I've learned is that the more I think I know what's going on, the less I'm actually correct. 

What type of properties are you looking to add to your portfolio, I'm assuming SFRs, is that correct?

The time value of money still favors acceleration, but only if you have a clear path to eventually utilizing these losses.Don't let your tax savings get trapped in passive activity loss limbo.

Asking in the correct forum will get a better response.Need a spreadsheet or form?

Not even correctly reading the definition was amazing to me, it requires all of the activities together until it says, and renting or selling for a profit. 

@Drew Sygit is correct - AND Detroit has had VERY bad weather in Jan - worst then most years. 

(I do much better than that because I buy correctly and I don't "over do" the remodel)6) Remember, you make your profit when you buy (buy wisely)7) Flipping: Is it Fun?

Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.

Both @Nathan Gesner and @Lauren Stark have provided valuable insights on this.One potential path for you is to join an established team to gain experience.