Basically implying no other asset has a step up in basis.  

This implies that all return numbers are likely fiction.The underwriting shows lack of experience.

Your explanation of rental property sale losses being capital (not ordinary) losses implies that it is not considered 1231 property.But IRS Publication 544 states:Section 1231 transactions.The following transactions result in gain or loss subject to section 1231 treatment.Sales or exchanges of real property or depreciable personal property.

I am also not a coach if that's what you are implying.

Account Closed Using the numbers in your example (which implies you fall under the income limit for deducting passive losses with active participation), your rental loss of ~$13k would wipe out your W-2 income in full and generate a ~$3k NOL, which would be carried forward.The standard deduction and personal exemptions (remember, no more personal exemptions starting in 2018) are irrelevant in this case.

If I tell you to call 100 FSBOs today, are you going to call them, or are you going to figure out some other way that is your way...text them, email them, send them a post card, when I told you to call them.All the NFL players I know (not that many) know a ton about football and fitness, but all have coaches, trainers, nutritionists. 

It seems to be like a personal trainer for your mind.

Not implying your agent is taking advantage of your beginner knowledge just to offload a property and get dual agency commissions, but again, might not be the worst idea in the world to have someone in the Bigger Pockets community who's local/understands the Charlotte market to take a look at the deal you're getting ready to move forward on.As far as inspectors, I would recommend one that we use for our business that is in the Charlotte/surrounding areas.Precision Inspection Services - Steven Lee - 704-575-2917

Some say that you have to file a separate civil action (in addition to the actions to remove the tenant)  to be awarded a judgement against the tenant and some things I read online seem to imply you can do them both at once through 1 action. 

This implies it takes some significant cash.It is a challenging market.