I know the easy answer to this is "check with your CPA" but I'm still in the process of working to establish with a real estate specific CPA who better understands the nuances of these topics.

As a new investor with your 1st property its not a great experience, its really frustrating but my cpa its telling my to hold it and not sell it, but i dont know how long can i hold this vacant property. 

Work with a CPA to optimize your tax returns to reflect sufficient income for future loan approvals.

*This post does not create a CPA-client relationship.

It's not about EA or CPA, it is about experience and knowledge for real estate. 

@Edward Suess-HassmanContact a lender and a CPA to see what you can afford today, next year, and develop a plan to guide where you can invest.

Talk to a CPA before doing so.2.

@Adriana, you might want to check with you CPA regarding Estate Plan regarding tax deductible. 

Note that California taxes capital gains as ordinary income (up to 13.3%) and does not conform to federal bonus depreciation rules.This post does not create a CPA-Client relationship.

I was not sure about the title of the post.Note: I am not a CPA or financial analyst.