Can you either rent out your current property if there’s been little/no appreciation, or sell it tax free?

I have a great credit score, good stated income, and about 50k worth of personal credit to my name already, so it was relatively easy to get approved.

Throughout the year I come across situations where people need to sell there home due to a variety or reasons, job loss, income loss, health, divorce, etc.

Passive losses can only be deducted from passive income. 

Investors can benefit from steady rental income, especially in high-demand areas like Midtown, Corktown, and downtown Detroit.

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

@Kent Ford Be aware of the property taxes in Texas.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

If you're using Zillow or the tax district or almost any public facing website, I always question how good the comps are.   

Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?