@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

Congratulations on your flip.

Seems like the new on line marketing methods  Section 8 is the new shinny object..

If I refi cash out I can probably only get about $50k out of the investment property, any ideas on another way to get the amount I need that I may not be thinking of?

would love to connect. best of luck on your journey

If we are losing money every year, but do plan on holding on to it long term, with our goal being appreciation of the market and someone else paying a good chunk of our mortgage, is this worth doing on any level? 

do you have a PM lined up? 

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.

Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

I'd say three months on the short end to six months on the long end.Oh!