If you are looking to get financing for your 1st project, I would do the following:1) Find a great deal.

I am aware of that. here is an example of my question to better explain it:John has paper losses in the following 3 properties carrying over from 2023:Property A: -$100KProperty B: -$120KProperty C: -$80KTotal portfolio Loss (combined) from 2023: -$300K In 2024, John sells Property A for $500K (with no debt).

It'd be interesting to follow your journey if you decide to invest there!

Notify the tenant the eviction has been filed and then follow the court process.

I'm a longtime BP follower. 

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

My almost 40 years of experience with Section 8  have proven  that  I have been very successful by renting to Section 8 tenants.

I am trying to understand how capital gains would work on the following scenario.

Can someone provide your thoughts on the following questions, please? 

Why would I put myself through the trouble of posting all these different journal entries to move dozens of transactions from Inventory to COGS just to follow proper accounting that no one will see?