Where I see some disconnect is so many on BP that are so focused on buying RE doors that they basically live well below there means and have all this focus on rentals etc and they miss out on a lot of things there is to do in life..

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

I believe Noah set you up right on that post!

It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties.

They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?

I'd weigh lightly on the 'trust' aspect.  

What you’re counting on is even a slow rate of appreciation, say equal to barely inflation, called it 2-3% being multiplied by 4 or 5X because you only put down 20-25%.

I just don't want to waste my realtors time with backing out on 2 deals in 1 monthmaybe I am missing something but why two closing's? 

You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.

I was running an sms campaign through an overseas assistant, but I've been researching AI sms marketing platforms that actually handle conversations from beginning to end, qualifying and disqualifying leads.