You probably won’t be able to sell with 9 years without taking a loss.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

If she qualifies and materially participates, passive loss limitations won’t apply, allowing you to offset your income with cost segregation and bonus depreciation.This post does not create a CPA-Client relationship.

Since this is something that is best done with a team of experts that know a lot more than I do I am putting this request with help from the bigger pockets community to get me started on my road to success. 

Thanks to this equity growth, we were able to recover much of our initial cashflow loss.

5 tips i should keep in my mind when buying  rental property? 

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

I have been listening to the Bigger Pockets podcast for years ever since I was in High school I have read a few of the classic real estate books.

@Monica James Welcome to Bigger Pockets. 

Hi Rachel, first off, sorry for your loss, but it’s great you’re exploring ways to build passive income.